Study: The Average Gen Xer Has This Much Saved for Retirement
Saving for retirement is never easy, and it's only becoming more challenging. Many jobs no longer offer pensions or other defined benefit plans, and while Social Security can help, it may not be as reliable in the future as it is now. That means many workers are on their own to save for retirement.
While everyone will have different goals and needs, seeing how your savings stack up to the average can be helpful. If you find you're falling behind, it can provide some extra motivation to build a robust nest egg. And if you're ahead of the curve, it may help take some of the stress out of retirement planning.
Generation X generally includes those born between 1965 and 1980, or between ages 44 and 59. As this generation nears retirement age, now is the perfect time to double-check that your savings are on track. Here's exactly how much the average Gen Xer has saved for retirement.
Source Fool.com
