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Trends and Insights

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21 Dec 2023

Generation X Faces Largest Wealth Gap for Retirement

Generation X in the US anticipates a [shortage in retirement savings](, averaging $660,000, which is $440,000 below their desired amount. New research reveals these figures, contrasting sharply with the necessary estimated $1.1 million for a comfortable retirement. Furthermore, the typical Gen X household might only have $40,000 saved, highlighting a concerning financial future for many within this demographic.