In a few years, the oldest Gen Xers will be headed toward retirement… with almost no savings whatsoever.
A new report from the National Institute on Retirement Security (NIRS) finds an alarming outlook for the generation born between 1965 and 1980: a whopping 40 percent don’t have any retirement savings at all, and the typical household has just $40,000 saved up.
The outlook is even more dire for low-income Gen Xers, who typically have $4,300 or less saved.
In fact, retirement savings for…
