Tribune Media Services: An Uphill Battle for Generation X
When the stock market began to crater in 2008, an 85-year-old client said to me, "I'm not worried about me -- I don't have a job to lose, and most of money is in bonds and CDs. But I am very concerned about my kids and my grandkids." I thought about how prescient that comment was after reading a new report from thePew Charitable Trusts' Economic Mobility Project, "Retirement Security Across Generations."
The report explores how the Great Recession affected the wealth and retirement security of baby boomers relative to younger and older age groups. As it turns out, the downturn inflicted the greatest financial damage on Generation X, or those born between 1966 and 1975, who are now 38 to 47 years old.
Read the full article at chicagotribune.com.
- Economic Mobility Project