Boomers and GenXers alike face retirement with misgivings, although Gen Xers are far more despairing of even having a retirement in which they can pursue their own interests.

Those are the results of "Generations Apart," a new study from Allianz Life Insurance Co. of North America, which explored the attitudes of boomers (ages 49–67) and Gen Xers (ages 35–48) toward their financial futures. Those attitudes are disturbing, particularly among Gen Xers, who seem to have given up on the notion of planning for retirement at all.

While there are noticeable differences between the generations on some of their thoughts about retirement, they're (sadly) agreed on one thing: that a retirement starting at age 65 "doing exactly what you want" is nothing more than a "romantic fantasy." Eighty-four percent from both generations said so.