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Benzinga
Benzinga
Business
Ivy Grace

Gen X Is Nearing Retirement With Empty Wallets And A New Nickname — 'Silver Squatters' As 1 In 5 Plan to Lean On Their Kids For Housing

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They were once the grunge-loving, MTV-watching latchkey kids. Now, Generation X is approaching retirement with a new label — and it's not exactly flattering. 

Meet the "Silver Squatters," a nickname born out of a growing reality: many Gen Xers are so underprepared for retirement that they're counting on their adult children for support — even if they haven't said it out loud yet.

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