Gen X Is Getting Closer to Retirement But Not Its Retirement Savings Goals

Gen X is inching closer to retirement, but many are falling short of their savings goals. This article dives into the financial struggles of this generation, balancing the rising cost of living, caregiving responsibilities, and a lack of retirement preparedness. With nearly half of Gen X lacking adequate savings, the piece underscores the urgency for better financial planning and systemic support. A must-read for financial advisors, policymakers, and Gen Xers looking to secure their financial future.

Gen X Is Getting Closer to Retirement But Not Its Retirement Savings Goals

Financial experts recommend saving up to 10 times your annual income for retirement. Only 7% of Gen X respondents in a recent survey said they had more than that amount saved.

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