From Fortune · Nick Lichtenberg · · 2m
Gen X retirement crisis: just 49% feel on track
Generation X has become the least confident about retirement, with fewer than half saying they're on track despite working harder than ever.
In brief
Generation X has become the least confident about retirement, with fewer than half saying they're on track despite working harder than ever. Just forty-nine percent of Gen X savers say they're on track for retirement, down from fifty-eight percent a year ago, making them the only generation where fewer than half feel…
Gen X hits retirement wall
Just forty-nine percent of Gen X savers say they're on track or ahead for retirement, down from fifty-eight percent a year ago, according to the two thousand twenty-six Goldman Sachs Asset Management Retirement Survey and…
Gen X alone falls below fifty percent
Gen X is the only generation in the survey where fewer than half feel on track. Gen Z sits at sixty-six percent, millennials at sixty-one percent and boomers at sixty percent.
Working more, feeling less secure
Only fifty-seven percent of Gen X respondents describe their primary job as financially stable, the lowest of the four generations.
Everyday expenses squeeze Gen X hardest
Housing was the top savings obstacle for Gen Z and millennials.For Gen X, it was everyday expenses at thirty-seven percent, the highest share of any generation.
The 401k generation faces the test
Gen X was the first generation to build a whole career on the four zero one k instead of the pension.
Savers turn defensive across all ages
The share of workers who increased their retirement savings fell to thirty-nine percent, down more than sixteen points, the largest decline the survey has recorded in six years.
Financial stress follows Gen X to work
Fifty-three percent of Gen Xers said financial concerns make it hard to focus at work at least sometimes.Twenty-seven percent have missed work in the past year because of a financial challenge.
A plan makes the difference
Savers with a personalized retirement plan were far more likely to feel on track, seventy-two percent versus thirty-three percent without one.
At a glance
Just forty-nine percent of Gen X savers say they're on track for retirement, down from fifty-eight percent a year ago, making them the only generation where fewer than half feel secure.
