As people born between 1965 and 1980—also known as Generation X—approach retirement age, a new study finds them unprepared financially.
The study from the National Institute on Retirement Security (NIRS) sees “dismal” prospects for the so-called Forgotten Generation compared with more financially influential baby boomers.
“The leading edge of Generation X will enter retirement in a few years. However, this generation’s retirement preparedness is often ignored in favor of a focus on the baby boomers, who are currently moving through retirement in large numbers, or the Millennials, whose distinct life experiences and life choices so fascinate the news media and researchers,” the report’s executive summary said….