Consumer Payment Card News

Gen Xers

A new survey has found that “Generation Xers” (ages 27 to 42) are the most financially stressed generation for the second year in a row. The study commissioned by Scottrade also found that 52% of this group are “extremely” or “very” concerned about paying off credit card balances. Additionally, “Gen X” is the most worried that Social Security will run out (62%). The dual stresses of smaller savings and lack of confidence in Social Security are drivers of Gen Xs top financial concern: 64% are worried about not having enough money for retirement. Almost two-thirds of Gen Xers saw the value of their retirement accounts decrease last year, and 15% more had to withdraw funds from their retirement accounts than any other non-retired generation. GFor more information visit: “http://www.www.scottrade.com”:http://www.www.scottrade.com

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