Many Gen X middle-class families are struggling to grow their wealth as expected due to various factors. According to a study by LendingTree, Gen Xers in the top 100 U.S. metros have the highest median debt across generations, with credit card debt and high interest rates being major contributors. Financial strategist Josh Katz advises rebalancing caregiving costs through smart tax strategies, automating retirement contributions, and using strategies like an “Avalanche Plus” to tackle debt effectively. It’s crucial for Gen Xers to address these issues now to secure their financial future.

Read more at Yahoo Finance: 2 Habits Keeping Gen X Middle-Class Families From Growing Wealth