Will Generation X miss out on the Great Wealth Transfer?

June 13, 2023 by Nathan Place

For Generation X, help may not be on the way. Research shows that Americans born in the 1960s and ’70s are woefully unprepared for retirement — and they don’t expect the Great Wealth Transfer to save them.

That’s according to a new study by the international insurance firm Prudential, which questioned 2,000 pre-retiree Gen Xers about their nest eggs. More than one third — 35% — of the respondents said they had less than $10,000 in retirement savings. Even worse, 18% had no savings at all.

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Originally Posted at Financial Planning on June 9, 2023 by Nathan Place.