And the statistics seem to back their arguments.
But Gen Xers struggle with the enjoy today partbecause ofthe plan for tomorrow part.
The study found them overwhelmed about their financial future.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help… A College Degree
Thereal cost of educationcontinues to climb.
The average cost for a public four-year college went from $2,387 to $9,410 per year.
Did you know?
That might explain some of the additional student loan debt, right?
Here are some resources to help you reduce the cost of an education:
2.
It may partly explain why Gen Xers have more mortgage debt than baby boomers.
But what can you do about it?
Start by looking for asmaller home.
Theres been aclear trend toward larger homes, which explains much of the increase in average price.
Here are some other things you’re able to do:
3.
Health Care
Since 1980,health care spending has doubled in the U.S., as a percentage of GDP.
Forbes recently reportedhealth care expenditures per person are projected to reach $10,000 per yearthis year.
Food
Grocery prices have risen faster than the general rate of inflation,according to the USDA.
And if you want to eat healthy, youll definitely pay more than your parents did.
Here are some resources to help you reduce those grocery bills:
5.
Child Care
Maybe your parents hired cheap babysitters when you were young, or left you with relatives.
But even if they paid for regular child care services, they paid less.
What can you do to reduce the cost?
Start by reading these posts:
6.
A Car
Look at new car prices 30 years ago and now, and then adjust for inflation.
The trend is clear:Cars are more expensive.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
