Latest news with #Xers
Washington Post
29-05-2025
- General
- Washington Post
Want to understand today's culture wars? Look to the 1980s.
Why did Gen X break for Trump? The question consumed pundits following last November's election, when Xers voted disproportionately MAGA. A generation defined by grunge, Rock the Vote and Lollapalooza 1.0, inheritors of 1960s social justice movements, shouldn't have become the fire-breathing spawn of John Birchers and the Contract With America, right?
Yahoo
28-04-2025
- Business
- Yahoo
3 Financial Blind Spots Gen X Can't Afford To Ignore
Gen X is known for a lot of things, from giving the world the gift of grunge and popularizing coffee shops to its independent, pragmatic — and yeah, sarcastic — streak. Often called 'the latchkey generation,' left mostly on their own, Gen X has done its best to thrive while being sandwiched between two generations that have gotten a lot of conversation, the Baby Boomers and the Millennials. Read Next: Check Out: But this doesn't mean that Gen X still doesn't need some care and attention — even when it comes to personal finances. With many Xers coming into that actuarial sweet spot where they're considering what they want their retirement to look like, understanding where they may have gaps in their knowledge about money is essential. Knowing how to get around these financial blind spots will help them make it down the road to their own golden years, flannel flapping in the wind. Gen X is often called the 'sandwich' generation — and it's not because they know how to make a mean hoagie. This group is stuck taking care of elderly parents while giving aid to their kids, who, as young adults, are graduating into difficult financial circumstances. Meanwhile, they're prone to neglecting their own retirement savings. A headline from Kiplinger puts it bluntly: 'Gen X Retirement Is In Trouble.' Writer Adam Shell breaks down the crux of the problem, stating that 'half (48%) of Gen Xers, or Americans between the ages of 44 and 59, say they have not done any retirement planning, according to the recently released Schroders 2024 U.S. Retirement Survey. This lack of planning exceeds the 41% of Millennials and Baby Boomers who say they lack a retirement savings game plan.' One fast and relatively easy way for Gen Xers to start building more robust retirement savings from the ground up is to start maxing out their 401(k)s, and, if they're able to once they hit the big 5-0, start with catch up contributions of up to $7,500. For 2025, the IRS allows an additional 'super catch-up' between ages 60 and 63, with a limit that is the greater of $10,000 or 150% of the regular catch-up limit — up to $11,250. For You: Gen Xers came of age at a time when 401(k)s were becoming all the rage and the pensions that their parents relied on in retirement were being phased out. It would make sense, then, that some Xers might not be aware of the full spectrum of financial products that can help them afford a comfortable retirement. If they haven't already, now is the time to open a Roth or a traditional IRA, while also exploring other options like annuities that offer stable payments over time. Gen Xers may not be aware that life insurance can be more than a way to protect their family financially from a sudden loss of income, or that they might need more life insurance than their employers provide. Indeed, whole life insurance policies can build cash value over time, while allowing policyholders to tap into it as a source of supplemental income. Working with a financial professional, members of Gen X who are worried about their financial future can also consider a life insurance retirement plan (LIRP), which permits them to use their life insurance policy's cash value to help them during their retirement years. While they're talking to that expert, they should also look into whether long-term care insurance could be right for them. If they anticipate living a long time, or have a family history of chronic conditions, it might be worthwhile to protect their loved ones from becoming full-time caregivers. Gen X is still a relatively young and healthy generation, so thinking about estate planning seems pointlessly morbid. However, a proper estate plan, including life insurance, a will, a medical directive and power of attorney, along with any necessary financial trusts, is vital to creating and sustaining generational wealth. Remember how your two kids fought viciously over the remote when it came to Saturday morning cartoons? Imagine them drawing out that battle over your assets — by the time the lawyer fees were settled, nobody would have anything at all. Having an estate plan in place makes the hard decisions on behalf of loved ones, from what to do if you can't advocate for yourself medically to how to distribute your assets. It stops a whole lot of messiness before it has a chance to happen. Generation X made a lot of contributions to the culture, but now it's time for them to focus on their finances, especially for retirement. They need to prioritize maxing out retirement contributions, learning about different kinds of financial products, and starting estate planning.4 Things You Should Do if You Want To Retire Early 5 Strategies High-Net-Worth Families Use To Build Generational Wealth Suze Orman: 4 Moves Every Aspiring Early Retiree Must Make 6 Daily Habits of Financially Secure People Source: Adam Shell, 'Gen X Retirement is in Trouble: Here's What You Can Do.' This article originally appeared on 3 Financial Blind Spots Gen X Can't Afford To Ignore
South China Morning Post
06-04-2025
- Entertainment
- South China Morning Post
Jack Black on A Minecraft Movie and why he can't end his ‘incredible' acting journey
The style of high-energy comedy he has perfected over the last 30-plus years has made Jack Black one of Hollywood's biggest stars. Advertisement Gen Xers and millennials love him for his roles in High Fidelity and School of Rock and as the frontman for comic rock band Tenacious D, while their children love him for his voice roles in the Kung Fu Panda and Super Mario Bros. movies. Now, as he launches his latest video game crossover, A Minecraft Movie , Black says he is eyeing the finish line of his career. 'I can see retirement,' says Black, on the phone from his Los Angeles home last month. 'Dude, honestly, I've been feeling like this is my last movie. But I've been feeling like that for years! 'Because it's been such an insane ride, it's been such an incredible journey, and I feel like my cup runneth over. I've been way too fortunate, and I feel like it can't continue. It's gotta stop sometime. But I just keep on going,' he says. 'As long as people keep on calling me up with cool things that I can't say no to, I'm like, I'm doing it. And this was one of those.' Advertisement A Minecraft Movie is the film version of the massively popular video game.
