3 Ways Gen X Is Outpacing Boomers and Millennials in the Retirement Savings Game [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
They are outpacing younger generations and their parents' generation by embracing smart savings strategies. These strategies include not taking anything for granted, being adaptable and open to saving more, and being careful about spending. Gen Xers have faced many financial challenges, but have developed stronger saving habits as a result, with many relying on 401(k) accounts and saving 15% to 20% of their income. By following their example, others can also ensure a well-funded retirement. Gen X may be known as the “forgotten generation,” sandwiched between the Baby Boomers and Millennials, but this generation certainly won't be forgotten for their contributions to culture. From Nirvana to Tupac, flannel to “Friends,” and the resurgence of sarcasm, there's a lot Gen Xers have to be proud of. They should also be proud of how they're leading the pack in retirement savings. Average Americans are quietly becoming millionaires. Copy their strategies and start building wealth. Earn u
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