Core Insights - Nearly all Generation X individuals acknowledge that financial missteps in their 20s and 30s have negatively impacted them both emotionally and financially, with 49% experiencing increased financial stress or anxiety and a median loss of $100,000 due to early money mistakes [1] Group 1: Regrets and Mistakes - 33% of Generation X regrets not saving enough for retirement, indicating a lack of adherence to general savings guidelines [3] - 30% of respondents wish they had started saving earlier, with 59% advising younger generations to begin saving for retirement now [4] - Over one-quarter (29%) of Generation X admits to overspending, which they now regret [5] Group 2: Financial Strategies and Advice - Financial experts emphasize the importance of compound growth, stating that even small contributions can grow significantly over time [5] - Recommendations for improving financial health include trimming unnecessary expenses, taking full advantage of employer plans, utilizing catch-up provisions for those over 50, and considering side gigs for additional retirement income [6] - It is advised to review investment allocations with a financial advisor to ensure appropriate investments based on age, lifestyle, income, and time horizon [6]