Gen X May Need to Downgrade Lifestyle for Retirement (Forbes)

Thumbs down (Illustration credit: Abby McBride)A recent study reported by Forbes shows that if members of Generation X and late baby boomers continue on their current track, they will replace only 50 percent of their pre-retirement income upon retirement—far less than previous generations in recent history. This shift may be due in large part to a collapse in employer-provided retirement benefits in the past three decades.

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