September 18, 2015
Americans in Generation X are being squeezed by financial pressures to save for their children’s college, support their aging parents and simultaneously save for their own retirement.
This mounting pressure on Generation X, also known as the Sandwich Generation, was the focus of a panel discussion this week by the Financial Services Roundtable, Rep. Peter Roskam (R-IL), AARP, Wells Fargo, First Horizon and Capitol Financial Partners.
Rep. Peter Roskam, who has two children in college and a third in graduate school, said the financial pressures facing middle aged Americans are greater than ever.
“We’re very much living this reality,” Roskam said of his family. Roskam also cited his concern about a proposed rule by the Department of Labor that will make it even more challenging for Americans to access financial guidance, including younger savers.