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Does Gen X only have 10% of retirement savings?
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<blockquote data-quote="Thebrownblob" data-source="post: 5937660" data-attributes="member: 60485"><p>“A <a href="https://news.prudential.com/latest-news/prudential-news/prudential-news-details/2024/2024-Pulse-of-the-American-Retiree-Survey/default.aspx" target="_blank">new survey</a> from Prudential of Americans 55 and older finds that Gen X is falling far short of recommended savings amounts. This is particularly true for the pre-retiree group around age 55, according to the company, which has a median savings of $47,950—only about 10% of the $446,565 Prudential recommends having by that age. (The firm's rule of thumb is having eight times one's annual salary stashed away by 55.)”</p><p></p><p>This Gen X’er right here is way ahead, but then again, I see a lot of people my age constantly buying new cars to keep up with the Joneses.</p></blockquote><p></p>
[QUOTE="Thebrownblob, post: 5937660, member: 60485"] “A [URL='https://news.prudential.com/latest-news/prudential-news/prudential-news-details/2024/2024-Pulse-of-the-American-Retiree-Survey/default.aspx']new survey[/URL] from Prudential of Americans 55 and older finds that Gen X is falling far short of recommended savings amounts. This is particularly true for the pre-retiree group around age 55, according to the company, which has a median savings of $47,950—only about 10% of the $446,565 Prudential recommends having by that age. (The firm's rule of thumb is having eight times one's annual salary stashed away by 55.)” This Gen X’er right here is way ahead, but then again, I see a lot of people my age constantly buying new cars to keep up with the Joneses. [/QUOTE]
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Does Gen X only have 10% of retirement savings?
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