Why Independent Living is Perfect for Gen X

By August 26, 2021September 8th, 2021Senior Living

Gen Xers watched MTV for the 24-hour music videos, loved John Hughes movies, and listened to Hootie & The Blowfish cassettes on their Walkmans.

Now, MTV is home to shows like Jersey Shore, Molly Ringwald is old enough to be an AARP member, and Hootie’s a country singer, with songs that stream to Gen Xers’ smartphones on Spotify.

The world Gen X grew up in has certainly changed. And so have they, especially financially: Though they suffered losses during the Great Recession, Gen Xers are the only generation to recover the wealth they lost, with the median net worth of Gen X households rising 115%.

Though Gen Xers may still have less overall household wealth than baby boomers, many people in Generation X are still in some of their prime earning years. Gen X as a whole has also increased its home equity and doubled its assets. In fact, Gen Xers are set to overtake the boomers as the nation’s wealthiest generation.

Now, this group is starting to turn its collective attention to retirement and their retirement lifestyle — and what it could look like for America’s 65.2 million Gen Xers, who the Pew Research Center says will outnumber baby boomers by 2028.

To find out why independent living is perfect for Gen X, CLICK HERE.