37% of Gen X Say They Gained’t Be In a position to Afford to Retire

Adam Shell reported for USA Right this moment:

Add Gen Xers to the lengthy checklist of People who concern they received’t have a large sufficient nest egg to retire.

Practically 4 out of 10 (37%) of Technology X — these born between 1965 and the late Seventies — say they wish to cease working for good and “absolutely retire” sometime, “however will be unable to afford to,” a brand new survey from TD Ameritrade, a web based dealer based mostly in Omaha, discovered.

Different gloomy Gen X retirement findings:

  • 43% say “they’re behind” of their financial savings.
  • Half (49%) are “nervous about operating out of cash” as soon as they depart the workforce.
  • Practically two out of 10 (17%) say they “aren’t saving or investing for something.”
  • Solely a 3rd count on to be “very safe” in retirement — vs. practically half of Child Boomers.

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