Sales & Marketing | 10.07.26

Gen X and Millennials Rethinking Retirement as Pensions Disappear

by: Steve Randall

Gen X and millennials increasingly believe the U.S. retirement system was designed for previous generations, as pensions decline, Social Security faces uncertainty and guaranteed-income options become scarcer. An Athene-sponsored Harris Poll found that 83% see unique retirement challenges, while 67% worry most about health care costs and 62% cite inflation. Despite these concerns, only 40% have planned how to convert savings into reliable income, and just 29% have considered retirement duration. Annuities show significant potential: 86% of informed respondents find them appealing, but only 23% own one. Education could increase adoption, as 80% would consider annuities after learning more.

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