Few investors of any age are saving as much for retirement as they say they’d like to.
One particular group, however, may be particularly behind on their savings goals
That’s Generation X, born between 1965 and 1980. Here’s the deal. The numbers The quantitative data comes from asset management outfit Schroders.
Its most recent annual survey of investors of all ages indicates that only 16% of Gen X Americans (aged 46 to 61) feel like they’re on track for retirement. Specifically, this generation feels they’ll need an average of $1.12 million to retire comfortably, but they expect to have only a little less than $712,000 when that time comes. That’s a shortfall of just under $405,000, the biggest shortfall among all generational groups surveyed.