When they leave the workforce, Generation X may be in a similar, not worse, retirement situation than baby boomers given their access to automatic enrollment in defined contribution plans and the growth of their future plan contributions, according to the Employee Benefit Research Institute.
Every single year we run this we find that the Gen Xers are going to be in as good as shape as the [baby] boomers when it comes to retirement, explains Jack L. VanDerhei, Ph.D., research director at EBRI.
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