Generation X: 2 Easy Action Items to Set Up a Comfortable Retirement
If you believe the stereotypes, anyone born from 1965 to 1980 is a cynical job hopper who's also fiercely independent, thanks to a latchkey childhood. Meet Generation X, the "middle child" between baby boomers and Millennials -- as well as the generation that's facing a crossroads with respect to retirement readiness.
A recently published Retirement Savings Assessment by Fidelity gauges how well Americans have prepared financially for leaving the workforce. In 2020, the report shows that while baby boomers and Millennials are mostly on track with their retirement savings, Generation X is slightly behind. Fidelity calculates a retirement score for each group, representing how well that generation is predicted to cover retirement costs. Baby boomers and Millennials scored 87 and 82, respectively. Generation X had the lowest score of 80, down from a 2018 readiness score of 83. Generation X was the only generation to show a decline in retirement readiness.
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Source Fool.com
