Opportunity Lives

Retirement Planning And Its Differences With Each Generation


Every generation has its differences. For instance, Baby Boomers have lived through many ups and downs in the market. From the stock market crash of 1987 to the 2008 Recession, they have experienced many events with the potential to upset their finances and retirement savings.

The generation after them, Gen X, also have had to contend with those same events as well as the Tech Revolution. Of course, it’s not all bad news for the “latchkey generation,” as they report relatively high participation rates in company retirement plans and, on average, started saving around 30 years old, which is comparatively earlier than older generations. Surveys show nearly 60% of Gen X workers are confident they’ll have enough wealth in retirement to maintain their lifestyles.

Despite the similarities among age groups, there is no one-size-fits-all solution for retirement planning. For more on this, check out the resource below!

Retirement Planning for Any Generation from Longbridge Financial, a reverse mortgage products company
Share This