Gen X has the largest wealth gap of any generation: ‘Retirement is going to be…

The more than 65 million Americans in Generation X — ages 43 to 58 — have the largest wealth gap of any generation, according to new research. According to asset management company Schroders’ 2023 US Retirement Survey , Gen Xers say it will take just over $1.1 million to retire, though most expect to have just $660,000 saved when they hit age 67. That’s $440,000 less in savings than workers in this generation say they want in order to retire comfortably, according to the research — and a dismal $1 million less than the average adult in this generation actually has set aside for retirement. A recent study from the National Institute…