Is Gen X the broke generation? - WRAL TechWire

In a recent survey of individuals born between 1965 and 1980, Gen Xers found 56 percent of them said they have less than $100,000 saved for retirement, and 22 percent said they have no retirement savings. Almost two-thirds of the respondents said, “They stopped saving for retirement not because they don’t want to but because they simply can’t afford to.” With the oldest members of this generation approaching 60, they are facing a retirement savings crisis; if they do not act soon, they will not be able to retire. Katie Rothman explores the reasons why Gen Xers are facing a retirement crisis and how they can take action to increase their retirement savings. Read Ms. Rothman’s article here…

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