From the tech bubble burst to the Great Recession, members of Generation X have had their list of financial woes and notable setbacks impacting their long-term financial planning.
Baby boomers, Generation X and Generation Y didn’t just grow up in different time periods. In many ways, they grew up in completely different countries. As such, the Great Recession had a unique effect on each generation. Baby boomers, who were born between 1949 and 1964, often found themselves needing to retire earlier because of a sagging job market, though plummeting property values and financial instability meant many were not as well off as they may have hoped.
As an insurance agent working with high net worth individuals, sometimes convincing them to properly invest in their future can be a challenge.