New study finds fewer GenXers have retirement savings

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

New study finds fewer GenXers have retirement savings

Advisors uniquely positioned to help a generation on shaky retirement planning ground as 40% of Gen Xers admit to having no retirement savings.

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[tikibarrister]

Gen Xers were the first generation to have pensions. I just squeaked into the last 5 years (before it was capped) of a private employer pension. None of my friends who are generational cohorts who aren't in the public sector have pensions.

So it seems like if you take a group of people and offer them the opportunity to spend their money rather than save it (voluntary 401K vs. mandatory pension), they spend it...shocking...