U.S. residents ages 28 to 39 appear to be feeling more financial pressure than U.S. residents ages 19 to 27 are feeling.
Researchers at the American Savings Education Council, Washington, and AARP, Washington, have published figures supporting that conclusion in a summary of results from a Web-based survey of 1,752 members of “Generation X” and “Generation Y.”
Members of the two generations gave similar answers to many questions, such as questions about whether they feel their parents and schools did a good job of teaching them about saving and investment.
Both the GenXers and the younger participants, in Generation Y, seemed to think their parents had done a better job at handling saving and investing education than their schools had.
In some cases, differences in responses appeared to be the direct result of differences in ages.