08.26.24

Meet the 'Silver Squatters': Gen Xers Less Prepared for Retirement Than Boomers

by: Jennifer Sor

According to surveys conducted by Prudential Financial, the median retirement savings for those in their mid-50s is just under $48,000, with 35 percent of 55-year-olds having less than $10,000 saved and 18 percent having saved nothing at all in 2023. Two-thirds of 55-year-olds say they're afraid of outliving their savings. That's the highest level of fear among any age group of Prudential's 2024 survey, with 59 percent of 65-year-olds saying they worried they would outlive their savings.

Read the full article on Business Insider