More than 40% of Generation X savers are prioritizing paying off their debt over saving for retirement, according to a study by Schwab Retirement Plan Services. Of the reasons Gen Xers listed for saving too little, 31% singled out credit card debt, 38% cited unplanned bills for home repairs, and 22% pointed to the cost of their children's education.
Gen Xers say debt weighs heavily on their retirement saving goals
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