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Gen X not ready for retirement

An overwhelming majority of Americans aged 29 to 49 remain worried about their retirement prospects, but they haven't begun to save or plan for it, according to an eRollover.com.

By Heather Trese | Updated on June 21, 2011

An overwhelming majority of Americans aged 29 to 49 are worried about their retirement prospects, but they haven’t begun to save or plan for it, according to a study by retirement planning website eRollover.com.

The study, which was conducted by the independent Siena College Research Institute, found only about one in 10 Gen-Xers is very confident about being be able to maintain their standard of living when they retire, and 82 percent cannot say they are on their way to planning for a successful retirement.

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