The first 401(k) generation is getting closer and closer to the traditional retirement age of 65—and survey after survey consistently shows that members of Gen X feel wholly unprepared for the next phase of their lives.
In fact, Gen X is the least likely of any age cohort in the U.S. to feel confident about their retirement savings, according to BlackRock's ninth annual Read on Retirement survey, which polled almost 3,000 Americans about their finances. Around 60% feel on track, compared to 68% for baby boomers and 77% of Gen Z.
