Generation X Money Meltdown: 95% Have Costly Regrets, 81% Fear Retirement Unaffordable
A Generation Wary of Retirement Recent studies paint a stark picture of Gen X’s finances. According to an Allianz Life consumer survey, 81% of Gen X worry they won’t be able to afford their desired retirement lifestyle due to higher living costs allianzlife.com. About 70% say inflation has forced them to cut retirement contributions allianzlife.com. Only 19% believe now is a good time to invest, down from 30% just last quarter – the lowest optimism of any generation allianzlife.com. Allianz’s Kelly LaVigne (VP of consumer insights) warns: “As Gen X approaches retirement, it is time for them to get serious