Most Gen Xers’ parents either already need end-of-life care or are at the age where they’ll need to make plans for future care. Infant care for one child alone already costs at least 10 percent of a family’s yearly income in most states, according to Bankrate’s Child Care Costs by State Study. Additionally, 69 percent of Gen Xers feel uncomfortable with their level of emergency savings, according to Bankrate’s Emergency Savings Report. A 55-year-old American man can expect to pay a premium of $2,200 per year on average for $165,000 long-term care insurance with a 3 percent inflation option, according to the American Association for Long-Term Care Insurance. Key takeaways:Many Gen Xers are stretched thin trying to meet both their elderly parents’ financial needs and their own.