Is Gen X in denial about retirement finances?
The first wave of Gen X enjoyed finances much like Boomers. That second wave, though, got hit by the recession of 2008 and now has very different finances.
Gen Xers were born around the mid-60s to the early 80s. The environment that influenced Gen Xers as they came of age (~age 16 to 25) defined the generation overall, but like other generations, there are differences in the way that environment was experienced by younger and older members of the same generation. The 2008 recession, for instance, divided the economic well-being of Gen X into haves and not-so-much. Older Gen Xers, those now 55+, were pretty well-established in their careers by then and their affluence level resembles that of younger Boomers. But those under 55 weren’t so lucky; their economy looks more like that of Millennials—and we’ve heard a lot about that. With so much affluence before their generation, are younger Gen Xers in denial about retirement finances now?


