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Generation X: Don't Approach Retirement Like Your Peers

Saturday, June 22, 2013 - 2:08 PM
From MoneyRates: 
Retirement saving is often discussed as a problem for Americans, but the severity of the problem varies greatly from one age group to the next. The bad news is that Americans seem to be getting worse at retirement saving with each generation.

In a study released last month titled "Retirement Security Across Generations," the Pew Charitable Trusts looked at savings rates across five groups:
  • Depression babies (born between 1926 and 1935)
  • War babies (1936 to 1945)
  • Early baby boomers (1946 to 1955)
  • Late baby boomers (1956 to 1965)
  • Generation X (1966 to 1975)
The study found that Generation X is saving too slowly and accumulating debt too quickly to be on track for a comfortable retirement. If they are to turn this around, they may want to heed some of the lessons suggested by the Pew data:

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1. Saturday, June 22, 2013 - 5:34 PM
See a related article here.
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pearlbrownpearlbrown1,356 posts since
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