5 Reasons Gen X Needs To Build Their Own Wealth

At 46 years old, the statistics would classify me as Generation X.  The media defines this generation by people who were born between 1965 and 1979, although I would say practically it is more in the line of people born from 1960 to 1980.  For those that fall within these age brackets, I think you better start planning on not receiving much of an inheritance and focusing on building your own wealth.   I don’t say this because your parent’s bumper sticker says “I’m spending my children’s inheritance”, but really because of five trends I see happening over the next twenty years that may spend it for you. Your parents have reached the age of 65– According to the Center for National Health Statistics (www.cdc.gov/nchs), men who reach the age of 65 have a normal life expectancy of 82 years old.  For women it is even better with the average female who turns the age of 65 having a normal life ...

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4 Reasons Why Gen X’ers Shouldn’t Plan On Receiving An Inheritance

At 41 years old, I fit into that whole segment of the population called Generation X.  The media classically defines this generation by people who were born between 1965 and 1979.  For those that fall within these age brackets, I think you better start planning not receiving much of an inheritance.   I don’t say this because your parent’s bumper sticker says “I’m spending my children’s inheritance”, but really because of 4 things I see happening over the next twenty years that may spend it for you. Your parents have reached the age of 65 – According to the Center for National Health Statistics (www.cdc.gov/nchs), men who reach the age of 65 have a normal life expectancy of 82 years old.  For women it is even better with the average female who turns the age of 65 having a normal life expectancy of 85 years old.   With social security in sore need of a major overhaul and Medicare costs continuing to ...

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