Gen X Has Retirement Problem and Doesn’t Even Know It [Video]

Gen X is about to come face to face with a retirement crisis, with many in the so-called “sandwich generation” not even aware they aren’t saving for retirement.

In a new Principal retirement research report, 59 percent of workers who hadn’t signed on for a 401(k) plan believed they had signed up through their employer but actually had no money in any such account. This was particularly pronounced among Gen X, as 64 percent of those workers assumed they had a 401(k) but didn’t.

After baby boomers, Gen X is the closest generation to retirement, making their lack of savings for their golden years even more alarming.

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