Gen X has a reputation for flying under the radar, but they need more attention and support when it comes to their retirement savings.
Employees between the ages of 43-58 have the largest retirement savings gap of all groups, according to a new report from asset management firm Schroders. While they anticipate needing to save more than $1.1 million to retire comfortably, they expect to have around $660k in their retirement fund. Due to this gap, Gen X employees are the least confident in reaching what they consider their “dream retirement,” compared to 49% of millennials and 53% of baby boomers.
