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Generation X: Time to Take a Long View Toward Retirement
For Generation Xers — those born between 1965 and 1980—their 60s might seem some distance off, but for many of them it really isn’t. That’s why the results of a recent survey of 2000 members of this demographic cohort by Prudential Financial are something that should be paid close attention to. These results indicate that while 35% of the survey respondents report having less than $10,00 put aside for eventual retirement, 18% report having no savings at all. Since other surveys indicate comparable results for this demographic, it appears obvious that a bleak post-career scenario is in store for many of the more than 60 million future retirees in this grouping. A post on finance.yahoo.com by Senior Columnist Kerry Hannon provides additional perspective on this matter. Check it out here.
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