Don't Worry About Today's Retirees - but Gen X Is In Trouble
It turns out that Americans in their sixties today have it better than any generation before them, but the generations behind them face a much less prosperous retirement.
gen x
The Surprising Generation that Has a Handle On Its Finances
We all know that we should save more and spend less, but we don't always follow that advice. When you break down our responses to the financial crisis by generation, however, some interesting patterns emerge -- and you probably wouldn't guess which generation is doing the worst at financial wellness.
Painless Investing: Why a New Generation Will Dive Into Stocks
Many Americans have been spooked out of the stock market by Great Recession and its aftermath. But despite their apprehensions, the children of the baby boomers are actually eager to jump into stocks -- primarily because they weren't burned personally by the crash.
A 5-Step Plan to Fill That Scary Retirement Income Gap
The average Gen Xer is on track to face $1,700 a month income gap in retirement. The average baby boomers will fall a whopping $2,100 a month short. Those may sound like insurmountable numbers, but don't throw in the towel yet.
Counterpoint: Why Generation X Shouldn't Panic About Retirement
As Gen-Xers hit middle age and start thinking more seriously about retirement planning, the warnings they're hearing about how far behind they are may make their situation sound more dire than it is.
Point: Prepare for a Scary Income Gap in Retirement
Generations of Americans are facing threadbare finances in retirement: Judging by what people say they expect to spend versus what they expect to take in, the disparity between income and expenses will be severe.
More Gen Xers Are Pinching Pennies, Harris Poll Shows
A recent poll shows that penny-pinching is still on the rise in the wake of the Great Recession: 62% of American surveyed are buying more generic brands, and 45% are brown-bagging lunch to save cash. Moreover, the direction of the poll numbers suggests permanent changes in the way Americans spend.
