RE: Articles of Distraction
December 17, 2023 at 3:35 pm
(This post was last modified: December 17, 2023 at 3:35 pm by Foxaèr.)
Quote:
Gen X has the largest wealth gap of any generation, and it means ‘the American Dream of retirement is going to be a nightmare’ for them
Retirement bites. The oldest members of Generation X are swiftly approaching the traditional retirement age, but few are financially prepared for the next chapter, a new report finds.
Sandwiched between the larger baby boomer and millennial generations, Gen X typically doesn’t get as much attention as its older and younger cohorts despite making up around 20% of the population. But America needs to start paying attention: Born between 1965 and 1980, the Gen Xers on the cusp of their seventh decade are, theoretically, just a few years away from leaving the workforce.
And according to new research, many are not prepared for a comfortable retirement. They have the largest wealth gap of any generation, according to the Schroders 2023 U.S. Retirement Survey.
Fortune
"Never trust a fox. Looks like a dog, behaves like a cat."
~ Erin Hunter
~ Erin Hunter