The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.
Many Gen Xers have an empty nest egg and are still renting, a recent study from the National Institute on Retirement Savings said.
The typical Gen Xer household has an average of $243,332 tucked away to finance the milestone, according to the National Institute on Retirement Savings That gap between average and median savings reflects the relatively small number of people that are successfully saving for retirement while others struggle.
"Gen Xers are fast approaching retirement age, but the data indicate that the vast majority are not even close to having enough savings to retire," NIRS Executive Director Dan Doonan said in a . "This really isn’t surprising given the terrible retirement hand that has been dealt to the latchkey generation.
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