Reality does kind of bite for Gen X, the generation that grew up watching music videos on MTV. Now nearing retirement, they are closely monitoring their 401(k) balances to see if they're on track to retire.
Born between 1965 and 1980 and ranging in age from 46 to 61, Gen Xers are the first generation of American workers to rely on their own 401(k) savings to fund the bulk of their retirement, rather than on traditional pensions.
