Robert Brokamp

I love to get to the solutions, but I do want to highlight just a few other challenges that they're confronting.

So, for example, the classic sandwich generation, right?

I just heard from a Motley Fool reader the other day.

He's 55 years old, has a couple of preteen kids, but also has a mother with dementia.

So he's finding it difficult to prioritize his retirement savings at this point because he's got both kids and parents to take care of.

Social Security, we don't know what's going to happen with that, but the trust fund could be depleted in less than a decade, depending on what happens.

And then you also highlight in the book, the levels of debt.

Tell us a little bit about the levels of debt that Gen X has.

Yeah.

So as you point out, Gen X has the highest levels of student loan debt, credit card debt.

Also, I looked at a report from Fidelity, looked at 401k loans.

Gen X has the highest percentage of people with a 401k loan.

One in four, Gen X has a 401k loan.

But let's move on to the solutions.

So we've highlighted a lot of challenges, but what do you think people should do?

I love the idea of working longer.

I've mentioned on the show before that the studies that show whether retirement is good for us are actually mixed, you know, because we do get some value from work, as you point out.

And you will also see people as they get older starting businesses.

And so not only are you the co-author of Retirement Bites, but you are also the author of Never Too Old to Get Rich, The Entrepreneur's Guide to Starting a Business Midlife.

So as our final question here, what tips do you have for anyone who's thinking, you know, I've always wanted to start a business.