Social Security Report

Entering Retirement with Zero Savings

Much of the recent news and reports have been centered around the Baby Boomer’s lack of retirement savings, but studies have shown the Gen X is even worse off. Generation X has on average $194,000 in savings compared to Baby Boomers $300,000. This average even skews the data in a favorable way because of wealthier outliers, almost half of this generation has less than $100,000 in savings. The oldest Gen Xers will be entering in to retirement in the next few years on the tails of the Boomers. For more information visit this article by Mark Kolakowski with Investopedia.

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