GO Banking Rates: “Is Gen X Prepared for Retirement? 4 Reasons Many Feel Unprepared”
Go Banking Rates, July 18, 2025 — In today’s issue of gobankingrates.com, we read that if you’re a member of Gen X, you may wonder how your retirement readiness level compares with other workers your age. According to a study by Northwestern Mutual, slightly more than half (52%) of Gen Xers have three times their current annual income or less saved. Almost the same percentage (54%) believe they won’t be financially prepared for retirement when the time comes.
GOBankingRates talked to some financial experts, including Marguerita Cheng, CFP® Pro, to find out why many Gen Xers may not feel prepared for retirement.
Rita says: “As a GenXer, I can empathize with how stressed my peers feel. Gen Xers, like Generation Jones, are more likely to experience the decline of traditional pensions and the rise of 401(k) plans, thereby assuming more responsibility for their retirement,” said Marguerita Cheng, CFP, CEO of Blue Ocean Global Wealth.