Gen X finally tops boomer 401(k) balances, but will it be enough to retire?
June 26, 2024 by Medora Lee
For the first time ever, Gen X workers saw their 401(k) balances top those of baby boomers, Fidelity data showed.
Balances for Gen X workers who have been saving for 15 years averaged $543,400, or $200 more than boomers’, according to the financial service firm’s analysis of its more than 22 million accounts in the first three months of the year. Gen X, born between 1965 and 1980, is the next generation to retire behind the boomers, who were born between 1946 and 1964 and are retiring now.
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Originally Posted at USA Today on June 23, 2024 by Medora Lee.
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