Gen X Fears They Can't Afford Retirement — Now or Ever
The oldest members of Gen X are facing financial pressure on multiple fronts. They're taking care of parents and their own children. They're grappling with higher costs for college tuition, cars, groceries and housing. They're struggling to save. And as they get closer to retirement age, they're worried about healthcare costs.
Only 43% of Gen X respondents said they can afford to retire at age 65, and for those without a 401(k), 26% said they do't expect to retire at all. It's a bleak outlook for a future that wasn't supposed to be like this. Read more here.
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Aeronautical Engineer
1wThey should afford to retire, and ask why they couldn't do it if they couldn't. But they have people to ask around them...
Agile Coaching Leader @ Citi | SAFe, Scrum, IT Governance
1moA large problem is the job market. There are very few white collar jobs available. For every opening 100 - 200 people apply. I know people who have spent the last year looking and AI will accelerate the trend. However, if you want to change bed pans, mow lawns or work in McDoinalds, even pick grapes there are plenty of jobs. Thew unemployment rate does not tell that story. AI will soon make the situation even worse (look what happened to the HR department at IBM). My suggestion is to go into sales or become a therapist.
The Future Starts Today
7mo43% of X'ers don't *plan* to retire. But how many will be involuntarily retired by AI-powered layoffs and ageism in the HR sector?
OK Boštjan Dolinšek
Experienced Representative @ Affordable Finds From Japan LLC | ISO Auditor
7moInformative news!