pension-jar
The oldest members of Gen X will turn 60 next year, and along with boomers, many will be thinking about retirement soon. While many financial experts recommend saving approximately 10 times an annual salary before retiring, a new study shared by Northwestern Mutual found that the majority of Gen X Americans say their retirement savings are just three times their annual salary or less.
Despite this, nearly 60% of boomers and Gen X employees who are not yet retired say they anticipate their monthly income in retirement will need to be the same or more than their current monthly income in order to retire comfortably.
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