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Credit: Monkey Business Images/Adobe StockLife and finances can get complicated for those in their 40s and 50s. Gen Xers (those between the ages of 44 and 59) know this all too well: Financial and caregiving responsibilities come at them from multiple generations, homeownership stress and competing priorities abound, and the income needed to pay for everyday living expenses is at its peak.
This generation is right now in the most intensely sandwiched phase of life, as they may be managing parental care, supporting adult children, and perhaps still raising kids under 18. Given this pressure on Gen X, it’s not surprising that a majority (54%) believe they need help from a financial professional to achieve their goals, according to Edelman Financial Engines’ 2024 Everyday Wealth in America report.
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