As the oldest members of Gen X continue to turn 60 this year, the so-called “sandwich generation” is getting closer to the typical age for retirement (62, on average).
Unfortunately, many Gen X professionals lack the financial resources to retire well.
Just 54% of Gen X savers said they’re on track for retirement, the lowest percentage of any generation, according to a BlackRock report.
Related: 25% of Boomers Face a Bleak Retirement — Are You Making the Same Mistakes?
An annual research study from Northwestern Mutual casts the spotlight on some of Gen X‘s most pressing retirement issues as the group approaches its golden years.
First, Gen Xers said they’d need $1.57 million