Generation X, those born between 1965 and 1980, are the least likely to feel confident about their retirement savings, according to a recent survey. Less than three in 10 (28%) believe they are on track for a comfortable retirement, a significantly lower proportion than younger generations like Gen Z (50%) and Millennials (47%), and even trailing behind the older Baby Boomer generation (37%).
Commissioned by the Get Britain Pension Ready campaign for Annuity Ready, a lifetime annuity comparison service within the Legal & General Group, the research suggests that Generation X faces a more complex retirement planning landscape than their generational counterparts. This raises concerns about the financial security of those approaching retirement age and highlights the need for greater support and resources to help them prepare for the future.
