A recent study by Allianz Life, an insurance company offering life insurance and annuities, found Generation Xers view their credit cards as a survival tool. For those aged 35-48, 48% say credit cards help them make ends meet. Forty-six percent(46%) pay only a partial amount of debt monthly, while 44% pay in full and 11% do not use a credit card. These Gen Xers are postponing retirement saving to pay off student loan debt and are facing housing values that are now worth less than when they were purchased. Not a good sign for the future.
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