Generation X group did not have the helicopter parents like the millennials,” explains Taylor. “And today, they have had to deal with many economic circumstances that makes them less optimistic than the baby boomers and the millennials….Taking care of their children, their aging parents, paying off their student debt, their children’s student debt. So, economically, they’re having a very stressful life.”
Still, Taylor points out, the overwhelming optimism that millennials have may be in part due to age. But, he says, only time will tell.
“Generation X is interesting because it’s the first generation where there is less social mobility. No longer are people thinking things will get better. There is less optimism, “ says Taylor.
There’s a good reason for that.
“In the last 15 years, growth has flatlined in the U.S.,” Taylor says. “From the 1940s to the 1970s, the standard of living kept increasing. But now people aren’t sure whether or not they will do better than their parents.”
Elliott says it’s too early to say whether wealth loss is a new pattern among generations (baby boomers do have more debt than their parents). But that it’s certainly something to keep an eye on.
“When it comes to wealth building and income,” she says, “Generation X is a group to look at to start seeing the larger changes that are happening in the economy.”
As for a silver lining, Taylor says this savvy and skeptical group does not care what others think of them. He also says that older households are much better off in terms of retirement. “And over time,” he says. “They are getting help, with more people looking after grandkids and giving other resources… and ultimately, that wealth [from their parents] will filter down.”
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We are hiring Generation X in 50 US states, call 408-854-1883 . Be an agency owner in the area of financial service. No capital or experience needed. Email your resume and availability to motherhealth@gmail.com
Published by connie dello buono
Connie Dello Buono is based in Sunnyvale California. Her first ebook is about women's health, Birthing Ways Healing Ways and her recent one is about cancer prevention, Curated Healing Ways. She had helped women have holistic childbirth as childbirth educator, founded Motherhealth, to serve seniors in the bay area with holistic caregivers and blogs at www.clubalthea.com with more than 10,000 health and finance related posts.
Connie trains her own caregivers, which are the favorites of most bay area seniors who are home bound and alone.
She is active in the rehab and nursing facilities, volunteering on music and movement for seniors.
She is a member of Lion's club and offered scholarships to students in the Philippines.
She is active at churchinsunnyvale.us and has Fridays Bible home study in Sunnyvale using the recovery version of the Bible , free at biblesforamerica.us
She loves dancing and teaching and her courses can be found at
https://teachclub.com/@thriveafter60
She is California Life Insurance licensed providing life insurance for older adults with health issues and helping women retire safely with income for life.
at menloassetca.com , she helps with 401k rollover.
3 Benefit plans
- Mortgage protection using term life insurance to pay for mortgage balance in event of death
- Final Expense plan using Single Issue Whole Life Insurance, with cash back, disability benefit and guaranteed in the presence of health issues
- Fixed Index Annuity retirement plan for safe, accessibility, less fees, less taxes, avoids probate as it goes directly to beneficiaries, rate of return with no downside market participation.
She brings compassion and understanding to the needs of her clients, bringing holistic approach in health and life insurance. Her goal is to free families from worries especially during covid with caregivers and life insurance in the presence of health issues, especially for women.
She can be reached at 408-854-1883 , motherhealth@gmail.com
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