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Why Gen X Women are Anxious About Their Finances [+ How to Cultivate Financial Power]
It’s 2020; old age is looming closer, accompanied by the threat of a lackluster retirement.
Of course, you’re anxious about your financial future, but you’re too busy taking care of everyone else to do anything about it.
According to this study by Employee Benefit Research Institute, members of Generation X feel less confident about retirement than millennials and baby boomers.
Over half of Gen-Xers don’t think their current financial reality will allow them:
- to live comfortably throughout retirement;
- to afford the same lifestyle in retirement
- enough money to last their entire life;
- basic expenses in retirement
Albeit quite an unsettling reality, things aren’t hopeless.
Sure, life has been an uphill battle for today’s middle-aged women, but that doesn’t mean you have to accept defeat.
When seizing your financial power, you will have to mentally and financially overcome a few obstacles. But not without first identifying them.
Here are some reasons Gen X women don’t feel confident about their financial futures:
