Gen X feels worse about the economy than Gen Z and millennials—and more than 70% fear running out of money more than death

Generation X is feeling more anxious about the economy compared to both Gen Z and millennials, and over 70% of Gen Xers fear running out of money more than death. This is despite the fact that baby boomers, who are theoretically wealthier, are also struggling with anxiety. While Gen Z and millennials seem relatively unbothered, Gen X faces a unique challenge as they are the first generation to manage their own financial responsibilities while also caring for aging parents and supporting dependent children.

This "sandwich generation" is particularly vulnerable, as they have little confidence in their ability to save enough for retirement, with 44% of Gen Xers reporting they aren't on track. Meanwhile, baby boomers have saved a fraction of what they need, with 70% living paycheck-to-paycheck. The wealth gap within the baby boomer generation is stark, with the top 10% holding 71% of their wealth, leaving most struggling to make ends meet.

On the other hand, Gen Z and millennials are finding empowerment through investing and entrepreneurship, despite the challenges of entering the workforce and buying homes. However, Gen Z's excitement about technology may be waning as they become more skeptical of AI's impact on entry-level jobs.