Members of Generation X are having the most difficulty meeting their household expenses and dealing with other financial obligations, according to a new study by PricewaterhouseCoopers.
Generation X, defined as those born in the early 1960s to the early 1980s struggle the most when it comes to juggling competing financial priorities related to their homes, children and parents, compared to Baby Boomer and members of Generation Y. PwC US's 2013 Employee Financial Wellness Survey found that more than one-third (36 percent) of Gen X employees think it's likely they will need to dip into their retirement savings to pay for nonretirement expenses, a percentage significantly higher than for both Baby Boomers and Gen Y, also known as "Millennials.”
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