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Then you will be able to mark statistics as favourites and use personal statistics alerts. Please log in to access our additional functions. Yes, let me download! Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics. Basic Account. You only have access to basic statistics. Single Account. The ideal entry-level account for individual users. Corporate solution including all features. Statistics on " Generation X in the U.
The most important statistics. Further related statistics. This can give you at least some idea of where you really are financially and what you need to do going forward to get where you want to be by retirement age. Just be prepared to see some unpleasant numbers at the end, numbers that may indicate that you will not be able to retire as soon as you hoped.
If you are thinking about buying a house, it will probably be wise to look first at a year fixed-rate mortgage. Interest rates may never be this low again, at least in a Gen Xer's lifetime, and a year loan only charges a third as much interest as a year mortgage. If your debt load has become unmanageable, find one of the legitimate debt-management firms that will help you get it under control.
Your kids can contribute to these funds as well as you, and money that you inherit from deceased parents or other relatives can also be college-funding sources. Granted, conversations about money between parents and their children can be awkward. Consult an elder law attorney for advice if you need help dealing with managed-care issues and choose a designated sibling to be the point person for dealing with these matters. A common mistake the children of aging parents make is the overestimation of Medicare , Medigap, and Medicaid coverage.
Having an understanding of what needs to be paid for out-of-pocket can determine if purchasing long-term care insurance if that's still feasible and supplemental insurance policies may be beneficial. The pressure of caring for aging parents can be multiplied by the expense of supporting grown children.
Requiring offspring who return home after college to help with household expenses— including paying rent, buying groceries, or assisting with the elders' care—can relieve some of the pressure associated with supporting multiple generations.
It can also provide children with some life lessons in financial and fiscal responsibility. William Strauss and Neil Howe. Pew Research Center. Transamerica Center for Retirement Studies. Accessed June 19, Student Loans. Retirement Planning. Retirement Savings Accounts.
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Boomers — whose generation was defined by the boom in U. Population figures for and earlier years are based on Census Bureau population estimates vintage and available by single year of age. Population sizes for to are based on Census Bureau population projections released in and also available by single year of age.
This post was originally published on Jan. This latest revision reflects the newly available July 1, , population estimates released in April , as well as new Census Bureau population projections released in Because generations are analytical constructs, it takes time for popular and expert consensus to develop as to the precise boundaries that demarcate one generation from another.
In early , Pew Research Center assessed demographic, labor market, attitudinal and behavioral measures to establish an endpoint — albeit inexact — for the Millennial generation. Skip Navigation. Jennifer Liu. VIDEO
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