Gen Xers don't believe they'll ever be able to retire comfortably
Source: Business Insider ·
Gen X fears inadequate retirement savings, says a Transamerica Center study. Only 18% are confident they can achieve a comfortable retirement.
From the source
Many Gen X workers say they may not be able to ever retire comfortably.Willie B. Thomas/Getty ImagesGen Xers entering their 60s fear inadequate retirement savings and financial insecurity.A Transamerica Center study found that the median Gen X worker has only $113,000 saved.Job loss, caregiving, and age discrimination often challenge Gen Xers' retirement plans.As the oldest Gen Xers enter their 60s, many fear they won't be able to live out the retirement of their dreams.A Wednesday report from the Transamerica Center for Retirement Studies, determined that only 18% of Gen X workers were "very confident they will be able to fully retire with a comfortable lifestyle." One quarter strongly agree that they are currently building a large enough retirement nest egg to feel secure in retirement, a few percentage points lower than millennials and boomers.Gen X's fears are grounded in reality. The median Gen X worker has $113,000 saved in total household retirement accounts, less than half of…
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