While Baby Boomers feel confident in their financial situations once they retire, and millennials are feeling better about theirs, the same can’t be said for Generation X. GenXers are exceedingly less confident in their retirement prospects, according to a few new studies.
According to a new report from Retirement Living, 75 percent of Baby Boomers say they feel they will have enough money to live comfortably in retirement. That percentage for Generation X is 35 percent, according to the study.
Surely the generation after Gen X must be hurting even more, right? Not so.
“While 68% of baby boomers and 67% of millennials are certain they’ll have enough for a comfortable retirement, that figure drops to 59% for Generation X, according to a recent report by Employee Benefits Research Institute cited by FA magazine.
A few more interesting items from the Retirement Living survey include the following: