About half, or 48%, of Gen Xers say they won't have enough money to enjoy their retirement, a 2024 report from global asset management company Natixis Investment Managers found.
Gen X is typically defined as those born between 1965 and 1980.
"I think where it's very stressful for [Gen X] is being sandwiched in that tug of war, saving for their retirement as well as helping aging parents," said Marguerita Cheng, a certified financial planner and Gen X mother.
Gen X is the first generation of U.S. workers to come of age with 401(k) plans as their primary retirement vehicle after employers largely shifted away from traditional pensions in the 1980s.
As retirement approaches, Gen X is feeling the financial squeeze — but financial planners say there are still ways to maximize your savings.
Persons:
Gen Xers, they'll, Gen, Marguerita Cheng, Cherry, Cheng
Organizations:
Natixis Investment, Preston D, Blue, Wealth, CNBC, CoreData Research