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Not too late for Gen Xers to save for retirement
Gen X workers are on a collision course with retirement, but they still have time to take action to get back on track. That’s the conclusion of a recent report released by the nonprofit Transamerica Center for Retirement Studies (TCRS), which defines Gen X as those born between 1965 and 1978, making them currently about age 36 to 49. The study found that 85 percent of Gen X workers think their generation will have a harder time than their parents achieving retirement security. Gen X got hit hard by the recession. According to the survey, 12 percent were laid off, 25 percent had their wages or hours reduced, and 4 percent lost their homes…Read More
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