Posted on Jul 14, 2023
Millions of Gen-Xers have almost nothing saved for retirement, researchers say
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"Gen-Xers are fast approaching retirement age, but the data indicate that the vast majority are not even close to having enough savings to retire," NIRS Executive Director Dan Doonan said in a statement.
Millions of Gen-Xers have almost nothing saved for retirement, researchers say
Posted from cbsnews.comPosted in these groups: 
Generation
Retirement
Generation Retirement
Posted >1 y ago
Responses: 3
This is scary, but I don't doubt it. Believe the problem will only get worse as our society becomes more and more reliant on debt/credit versus saving for things we want. While there are certainly issues with the cost of living, I think the lack of self-control and patience is more troubling.
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LTC Eugene Chu
From article: "A major problem for Gen-Xers is their limited access to a pension or 401(k) plan through their job: Only 55% of Gen-X workers participate in an employer-sponsored plan, NIRS found. Other barriers to putting money away include higher student loan debts than Baby Boomers, while wage growth for Gen-Xers has been flat most of their careers, the group noted."
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When the price of eggs reaches $8 dozen, can’t help but wonder how they’re feeding their families LTC Eugene Chu
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