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[1:22] ..." of them are carrying over 50% in debt many of them had adjustable rate mortgages I'm sure -- kept adding on his face and dear to their belongings there isn't disability and illness or loss of --"...
[0:00]" Here on WBZ news radio 1030 with certified financial planner -- this week generation X we have -- look at this generation for awhile I know Anthony I this generation my kids and their friends belong to is generating nimble -- immigration. So often people confuse this demographic group with anyone -- a college and dream researcher found several theories as to actually belongs to this generation. Boomers were born between 46 and 64 so why that was injuries in the generation extras with started 65 sure some surveys and studies sentence starting as early as 1960 going through 1983 and key -- 46 million of them out there a lot of and there is not as many as the numbers but they're coming right behind. They're better educated than their parents Anthony and they earn more money than their parents know more about money. But you know what they're not saving at a better rate than it actually know about money but they're not as smart. About it now -- now. And -- product -- the children the -- secure they have expensive -- grew up having a room of their own maybe even a TV computer and phone in a room. Nice stuff. And when he got out of their own they want to that lifestyle a lifestyle they left at home. Comes to the high price Anthony their retirement savings in many instances is nonexistent they are homeowners because that whatever period of low interest rates and easy credit. But that easy credit announced a big problem for many of them are carrying over 50% in debt many of them had adjustable rate mortgages I'm sure -- kept adding on his face and dear to their belongings there isn't disability and illness or loss of -- they aren't trouble. And that's your -- said that -- serious debt problems they should think about reducing debt holiday spending their money to a cash flow. Cubicles credit cards are carrying credit cards and recently it was a cartoon of The Wall Street Journal -- a man retiring commenting that he finally paid off the school loans. At retirement -- retirement just generation may be looking at just doing that because. You know they've extended them they've taken him out over thirty years they're longer than their mortgages and sometimes their payoff period so. And they need to cut back and need to look at their expenses. They need to put some cash away in cash stashed for that rainy day fund most important they have to have you reading fun OK in we will take a look at generation X and what they need to do as we move forward all week here on WBZ. News radio and there"
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