What's Happening?
Gen Xers, born between 1965 and 1980, are approaching retirement with significant financial uncertainty. According to Northwestern Mutual's 2025 Planning & Progress Study, more than half of Gen Xers doubt their financial readiness for retirement. Economic volatility, caregiving responsibilities, and reduced access to pensions contribute to their concerns. Many Gen Xers fear outliving their savings and are less likely to seek professional financial advice compared to Boomers.
Why It's Important?
The financial uncertainty faced by Gen Xers has broader implications for the economy and retirement planning. As this generation approaches retirement, their concerns about financial security could impact consumer spending and economic stability. The lack of professional financial advice among Gen Xers highlights the need for accessible financial planning resources. Addressing these challenges is crucial for ensuring that Gen Xers can retire comfortably and contribute positively to the economy.
