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Gen X retirement confidence hits record low at 49%, lowest of any generation

Transamerica Center study finds only 18% of Gen X very confident in comfortable retirement

2 Nov 1 · 12d ago · 1 article · 2 posts · 3 sources · development 2 of 2

A Transamerica Center for Retirement Studies report released on Wednesday finds that only 18% of Gen X workers are "very confident they will be able to fully retire with a comfortable lifestyle." The median Gen X worker has $113,000 saved in total household retirement accounts, less than half the $263,000 saved by baby boomers and far below the $750,000 Gen Xers estimate they need. The study also documents job loss, age discrimination, caregiving burdens, and bankruptcy among Gen Xers navigating financial pressures in their 50s and early 60s.

Transamerica Center study finds only 18% of Gen X very confident in comfortable retirement
Business Insider

“When a whole host of people leave the workforce, or when people take three or four years off, their family suffers, and society suffers from the economic hit.”

Samir Shah, CEO of care navigation platform CareScout

Greg Wilson Head of retirement, Goldman Sachs Asset ManagementChris Ceder Senior retirement strategist, Goldman Sachs Asset ManagementSamir Shah CEO, CareScout care navigation platform

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Peak 2 pieces in 5h at Oct 25, 9 PM; 8 pieces over 20 days (2 articles · 3 posts · 3 comments) Oct 25, 6 AM — 1 piece · 1 article — Newswires 1Oct 25, 11 AM — 1 piece · 1 post — Reddit 1Oct 25, 4 PM — quietOct 25, 9 PM — 2 pieces · 2 comments — Reddit 2Oct 26, 2 AM — quietOct 26, 7 AM — quietOct 26, 12 PM — 1 piece · 1 comment — Reddit 1Oct 26, 5 PM — quietOct 26, 10 PM — quietOct 27, 3 AM — quietOct 27, 8 AM — quietOct 27, 1 PM — quietOct 27, 6 PM — quietOct 27, 11 PM — quietOct 28, 4 AM — quietOct 28, 9 AM — quietOct 28, 2 PM — quietOct 28, 7 PM — quietOct 29, 12 AM — quietOct 29, 5 AM — quietOct 29, 10 AM — quietOct 29, 3 PM — quietOct 29, 8 PM — quietOct 30, 1 AM — quietOct 30, 6 AM — 1 piece · 1 post — X 1Oct 30, 11 AM — quietOct 30, 4 PM — quietOct 30, 9 PM — quietOct 31, 2 AM — quietOct 31, 7 AM — quietOct 31, 12 PM — quietOct 31, 5 PM — quietOct 31, 10 PM — quietNov 1, 2 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Nov 1, 7 AM — quietNov 1, 12 PM — quietNov 1, 5 PM — quietNov 1, 10 PM — quietNov 2, 3 AM — quietNov 2, 8 AM — quietNov 2, 1 PM — quietNov 2, 6 PM — quietNov 2, 11 PM — quietNov 3, 4 AM — quietNov 3, 9 AM — quietNov 3, 2 PM — quietNov 3, 7 PM — quietNov 4, 12 AM — quietNov 4, 5 AM — quietNov 4, 10 AM — quietNov 4, 3 PM — quietNov 4, 8 PM — quietNov 5, 1 AM — quietNov 5, 6 AM — quietNov 5, 11 AM — quietNov 5, 4 PM — quietNov 5, 9 PM — quietNov 6, 2 AM — quietNov 6, 7 AM — quietNov 6, 12 PM — quietNov 6, 5 PM — quietNov 6, 10 PM — quietNov 7, 3 AM — quietNov 7, 8 AM — quietNov 7, 1 PM — quietNov 7, 6 PM — quietNov 7, 11 PM — quietNov 8, 4 AM — quietNov 8, 9 AM — quietNov 8, 2 PM — quietNov 8, 7 PM — quietNov 9, 12 AM — quietNov 9, 5 AM — quietNov 9, 10 AM — quietNov 9, 3 PM — quietNov 9, 8 PM — quietNov 10, 1 AM — quietNov 10, 6 AM — quietNov 10, 11 AM — quietNov 10, 4 PM — quietNov 10, 9 PM — quietNov 11, 2 AM — quietNov 11, 7 AM — quietNov 11, 12 PM — quietNov 11, 5 PM — quietNov 11, 10 PM — quietYesterday, 3 AM — quietYesterday, 8 AM — quietYesterday, 1 PM — quietYesterday, 6 PM — quietYesterday, 11 PM — quietToday, 4 AM — quietToday, 9 AM — quietToday, 2 PM — quietToday, 7 PM — quiet 12
1Reddit users debate personal…2Transamerica Center study finds only 18%…
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What was reported 1 claim about this development

  1. 1 outlet Gen Xers don't believe they'll ever be able to retire comfortably

    first by Business Insider, 12d ago

What people said 1 voice · verbatim

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