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Saving Grace

Money-management strategies

This story appears in the April 1997 issue of Entrepreneur. Subscribe »

Popular opinion portrays Generation Xers as slackers concerned only with cappuccinos and CDs, but two recent studies paint a very different picture of young adults.

In a recent poll conducted by research firm Louis Harris Organization for the Lutheran Brotherhood, about 50 percent of the 18-to-29-year-olds questioned said they "sometimes" or "always" have trouble sleeping or relaxing because of financial worries. Saving for retirement (cited by 59 percent) was their number-one worry, followed by a fear of not being able to afford long-term care (21 percent).

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