Posted 4/4/2024, 2:14:00 PM
Gen X Falls Short on Retirement Savings, Worries Funds Won't Last
- Americans think they need $1.46 million saved to retire comfortably; Gen X believes they need $1.56 million specifically
- Gen X has only saved $108,600 on average for retirement so far
- 42% of Gen X worries they may outlive their retirement savings
- Gen X expects to retire later than other generations, at age 67 on average
- Gen X feels financially insecure compared to other generations and started saving for retirement later