Gen X-ers seem to be total slackers when it comes to saving for their retirement. Building a nest egg isn’t a huge priority for a generation of Americans coping with student loans and an uncertain job market.
According to a report by Pew Charitable Trusts in 2013, those born between 1966 and 1975 lost the most wealth during the Great Recession compared to other generations. On average, these unlucky souls lost 45% (or an average of $33,000) of their funds during the economic downturn between 2007 and 2010,
MainStreet.com interviewed Kimberly Clouse, Covestor Advisory Board Chair and founder of Via Global Advisors, for an article about this disturbing trend. Here’s an edited excerpt:
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