Five financial mistakes to avoid in your 50s
Kids’ college fees. Mortgages. Pensions. If you’re in your 50s, it’s time to plan
While most of the recent narrative on the unfairness of the generational shift is aimed squarely at millennials, who are suffering at the expense of the baby boomers, perhaps we should spare a thought too for the fiftysomethings.
Demographic factors are also at play here. Having gotten married later, had children later, and potentially bought their first house later than their parents, many of today’s fiftysomethings are finding themselves sandwiched between two generations – their parents and their children – and are still struggling financially.