01.18.24 Gen X Retirement Challenges / Home Building Solutions

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 18 January 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Generation X in particular has faced unique challenges preparing for retirement. Clark talks about the factors involved and what this age group can do as they near their 60’s and beyond. Also today, in some states, housing prices have gone up 50% in the last 5 years. One solution Clark loves - composite, factory-built manufactured home building, is gaining traction in some places, but uptake will require cultural shifts. Gen X Retirement: Segment 1 Ask Clark: Segment 2 Manufactured Homes: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Gen Xers Ask: ‘Can I Afford to Retire?’ PEW Research - Older Workers Are Growing in Number and Earning Higher Wages ‘Flextirement’ is the future of work Parents Are Spending Retirement Savings to Help Boomerang Children: FCC Affordable Connectivity Program Clark.com CAR RENTAL The housing solution ‘hidden in plain sight’ that Maryland and Mississippi are embracing Everything You Need To Know About Polybutylene Pipes How to Get a Mortgage in 8 Steps Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:35.0	It's great to have you here on the Clark Howard Show.
0:38.0	You know, our mission is to serve you with information that empowers you so you can make better financial decisions in your life.
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0:56.3	Today, we have a train wreck with saving in our country, particularly with people in Gen X.
1:05.2	The oldest Gen X are 59 this year.
1:10.1	They just have had more trouble saving money than any prior generation in the modern era.
1:18.0	So what can you do about it if I'm talking to you, if you're in your 50s and you just have not been able because of what's going on in your life to save money.
1:30.0	I'm going to talk about the choices, the circumstances that you're going to have to face, and it's not necessarily a disaster, as the headline writers would say.
1:42.0	And something that has been a disaster. headline writers would say.
1:42.6	And something that has been a disaster
1:45.8	is affordability of homes in the United States.
1:50.0	I mean, out of control. And there are a number of control.
1:52.6	And there are a number of fast growing states
1:56.8	that housing prices have gone up more than 50%
2:01.4	in the last five years.
	...

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