Reality Bites for Gen Xers doing retirement math: just 49% say they’re on track, the worst of any generation
Source: Fortune ·
Boomers and Gen Z get the generational fights. The middle child, the first 401(k) generation, has quietly become the least confident saver in America.
From the source
Thirty-two years after Reality Bites turned Gen X slackerdom into a movie poster, the generation’s retirement math has caught up with the title. Just 49% of Gen X savers say they’re on track or ahead for retirement, down from 58% a year ago, according to the 2026 Goldman Sachs Asset Management Retirement Survey & Insights Report, released Sept. 30. That makes Gen X the only generation in the survey where fewer than half feel on track. Gen Z sits at 66%, millennials at 61% and boomers at 60%. Other generations also lost ground this year, but they started higher. Millennials actually fell furthest, 13 points, from 74%. Gen X, however, started lower than the rest and fell further behind. The survey of 5,106 people, fielded in July, describes a generation that is working more and feeling less secure about it. Only 57% of Gen X respondents describe their primary job as financially stable, the lowest of the four generations. Millennials are at 71%. And 57% of Gen Xers have taken on work…