Angelica Roxas

A recent survey found ~20% of working Gen Xers expected retirement at 68+, another ~20% expected none at all, and just ~20% targeted ages 65-67.
Many felt behind: >50% worried savings were short, ~60% felt less secure than expected, and ~60% said income only covered expenses or fell short.
Recent inflation hit hardest, with ~65% citing financial harm. >50% said downturns weakened retirement confidence, prompting some to cut spending, reduce debt, or add income.
Experts said working a few extra yr can boost savings growth and raise Social Security income, but it works best as added cushion.
Current federal limits let workers 50+ add extra 401(k) catch-up savings in 2026, while experts urged realistic budgeting, employer matches, and avoiding aggressive investment gambles.

Gen X Is Planning for a Later Retirement

A recent survey found ~30% of Americans were not confident making a financial plan, showing many households may benefit from a simple starting framework.
A workable plan starts with your baseline: assets, debts, income, and typical expenses. Tracking accounts and spending can reveal strengths, gaps, and priorities.
From there, set clear goals like buying a home, saving for travel, or growing a family, then map immediate and long-term actions.
A do-it-yourself plan can be simple and free, while professional guidance may add insight later when questions around retirement, insurance, or estate planning grow.
The biggest hurdle is starting. Small steps taken now can build confidence over time, while delays may let missed opportunities and manageable problems compound.