Gen Xers expect to keep working longer than they planned–and will be the first generation to go into retirement with less financial security than their parents and grandparents

(Credit: Getty Images)

Retirement in America is undergoing a generational change that needs to be acknowledged. As baby boomers age out of the workforce, many continue to be sustained by traditional defined benefit (DB) pension plans. The next cohort, Generation X, will face new and difficult challenges–and many are not ready. I know, because I am also a Gen Xer.

Who are Generation X?