45 % of the tenth generation is not sure of their retirement

As the X generation continues to retire, some have less pink views on their retirement prospects, according to a recently released study based on Fidelity Investments.

Sincerity investments in The latest version From the annual “Planning Planning Case” study that 45 % of Gen Xers – between the ages of 44 and 59 – they reported that they are “uncomfortable” in their ability to retire “when and how they want.”

Meanwhile, 53 % felt confident that they could do so.

“Gen X is likely to be what we call the generation of sandwiches at the present time.” Tell Fox Business. “They care about both children and elderly fathers, as well as preparing for retirement. This is very expensive.”

“They are also at a time when the cost of living has increased, so if they help with children, they are likely to have children in the college or maybe they just finished from the university, and these costs were much higher.” “Their daily expenses are much higher. We also know with the elderly parents, health care and long -term care costs associated with that as well.”

Assaf said that General X is about to be the first “generation 401 (K)” to pay these numbers.

“Current retirees use pensions that are still primarily as an essential way to finance their pension savings, but Gen X, I think our study found that 61 % will benefit from 401 (K) S) IRAS and individual retirement vehicles, and this is the big difference as well.”

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Compared to the study of last year, the confidence in the Gen X decreased in retirement “Matthew and how they want” 16 percentage points, which is associated with ASSAF with a higher cost of living and members of the generation near Retirement.

She said that the poll “is really highlighted that with the high cost of living, there is little general concern that” my retirement savings will continue? ”

Gen X “especially the negative retirement view” between the four generations included in the study, according to Fidelity Investments.

The study found that Gen Z and Millennials felt confident in retirement “their own conditions”, by 75 % and 71 %, respectively. Meanwhile, 68 % of children’s children reported that they were confident.

For General X, children who are shipping, aging of parents and increasing the costs of living in it. Assaf also said that “anxiety tends to rise when approaching”.

Young generations such as Gen Z and Millennials still have “long, so they actually feel more confident” and “they have more time at their hands to provide more and invest them and reap the benefits of complex profits,” according to ASSAF.

In general, 67 % of these are in The years of their retirement planning Fidelity Investments said that feeling positive when it comes to retirement “when and how they want.”

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The study was based on a survey that included more than 2000 “financial decision makers for adults” with at least one investment account.

Eliminating sufficient money, inflation and high cost of living, hitting the balance of expenses now for savings for retirement and knowing the amount of money needed for retirement among the issues that were identified as those who constitute the most challenge, according to the study.

Meanwhile, among the current retirees, the golden years were “going as planned” by 72 %, according to the study. A similar share – 70 % – felt the retirement planning that puts them adequately.

The study shows the period of social security. The nest egg of $ 1.5 million will last

When it comes to retirement income, 77 % of retirees referred to social security as a source of them, according to the study. Behind this, retirement pensions, 48 ​​%, were 41 % personal savings.

“Planning does not stop at retirement,” Assaf told Fox Business. “You have to continue to develop Your planningEven when you are in retirement. ”

The survey said that seven out of every 10 retirees had achieved great success in the high cost of living.

The Transcenda Retirement Studies Center in the August 2024 report found that the average age of retirement for middle -class retirees was 62.

Americans believe that $ 1.46 million is the amount of money needed for a comfortable retirement experience, according to a study issued by Northwestern Muteal last year.