Generation X: The Heavy Lifters
If there’s one group that deserves a collective deep breath, it’s Gen X.
These are the 40- and 50-somethings who are balancing it all: mortgages, kids, aging parents, college tuition, and the kind of invisible emotional load that comes with holding an entire family system together.
According to recent data, Gen X carries the largest average credit card balance of any generation. Why? Because they can — and because they often have to. With longer credit histories, higher credit limits, and higher spending needs, it’s easy for balances to creep up.
Add in inflation and interest rates flirting with 20% on some cards, and suddenly what started as a convenience turns into a slow financial squeeze.
But here’s the truth: Gen X isn’t reckless. They’re resourceful. They’re the generation that grew up before budgeting apps and side hustles were cool — and many of them are quietly reinventing how they handle money right now.
Smart move for Gen X:
Consolidate your high-interest cards while rates are still manageable. A fixed-rate personal loan or balance-transfer card could save you thousands in interest. And remember: just because you can carry a balance doesn’t mean you should.
