University of Missouri Extension

Generation X is Saving

The members of Generation X are distinguishing themselves as savers. About 65% of adults age 33 and younger have stashed away money for retirement, according to the seventh annual Retirement Confidence Survey. Most have saved at least $10,000, but 19% report savings of $50,000 or more. Doubts about the future of social security have prompted Generation Xers to save for retirement earlier than any previous generation, and most expect to finance their golden years primarily with personal investments and savings, such as 401K plans. Their behavior is a "good outcome of a misinformed view" says Paul Yakoboski, the survey’s senior research associate, who thinks Gen Xers are "overly pessimistic" about social security.

Source: Kiplingers - May 98

[ Home | Your Money | Get Organized | Tightwad Tidbits | Living Better | Safety & Privacy | Buyer Beware | Kids & Money | About CEU | Search ]

Web site coordinators:
Jamie Thompson
Sandra McKinnon
Site evaluation:
Cynthia Crawford
Last updated: March 09, 2005
Web site established by:
Kate Akers
Mark Belwood
Cynthia Crawford
Sandra McKinnon
Diana Hammond

University of Missouri Extension does not discriminate on the basis of race, color, national
origin, sex, religion, age, disability or status as a Vietnam-era veteran in employment or programs.