Let's bring in the top uh Wall Street's number one audacious market leader uh Yardini research president at Yardini. Ed, I got to tell you one thing I've always loved about you is you're straight shooter and you're optimistic. And so you're looking at 2026, another year of living audaciously talk.Let's talk about that. >> Well, you know, I've been talking about the roaring 2020 since 2020. 2020 that looked like a delusional kind of scenario, but it's worked out very well so far through 2025.I'm really just ...

核心观点 - X世代面临比婴儿潮一代更严峻的退休挑战，财务安全感受到威胁 [1][2][3] 财务状况 - X世代进入50岁至60岁出头时普遍背负债务并对财务状况感到严重焦虑 [4] - 大多数负债的X世代对其按计划退休的能力缺乏信心，并深切担忧仅靠社会保障不足以维持生计 [4] - 生活成本、医疗保健和住房价格上涨速度快于工资，侵蚀储蓄并增加对信贷的依赖 [2] - 许多X世代发现需要工作更长时间、延迟退休或动用有限的储蓄才能维持生活 [2] 经济环境 - X世代在其关键的财富积累年份经历了多次重大经济动荡，如互联网泡沫破裂、2008年住房危机和COVID-19大流行 [5] - 经济动荡扰乱了退休储蓄，增加了不确定性，可能导致储蓄减少和投资风险偏好降低 [5] - 工资停滞和成本上升加剧了X世代面临的财务压力 [5] - 这些经济困境使许多X世代在财务上变得谨慎甚至气馁 [6] 家庭责任 - X世代是关键的“三明治一代”，需要同时在经济上支持子女和年迈的父母，有时还需处理自身债务 [6] - 这种多重责任使其极难优先考虑退休储蓄，消耗了时间和金钱，导致许多X世代感到落后 [6]