A study in contrasts: financial outlook of boomers vs. Gen Xers
February 17, 2016 by Warren S. Hersch
When it comes to retirement planning and financial hurdles, America’s baby boomers and Gen Xers are worlds apart.
That’s a key theme of a new report from Allianz Life Insurance Company of North America. The study, “Allianz Generations Apart Study,” explores the different challenges boomers (ages 49-67) and Gen Xers (ages 35-48) face as they prepare for retirement.
Significant majorities of boomers (84 percent) and Gen Xers (92 percent) agree that a “retirement crisis” is coming. Both generational groups also say the crash of 2008 impacted them, and that keeping a job and planning for retirement is more difficult for Gen Xers. Click HERE to read more…