January 10, 2018

37% of Gen Xers say they can't afford to retire

USA Today - Nearly four out of 10 (37%) of Generation X — those born between 1965 and the late 1970s — say they would like to stop working for good and "fully retire" someday, "but will not be able to afford to," a new survey from TD Ameritrade, an online broker based in Omaha, found.

Other gloomy Gen X retirement findings:

43% say "they are behind" in their savings. Half (49%) are "worried about running out of money" once they leave the workforce. Nearly two out of 10 (17%) say they "aren't saving or investing for anything." Only a third expect to be "very secure" in retirement — vs. nearly half of Baby Boomers.

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