Generation X lacks confidence in social security and
pensions.
Generation Xers expect Social Security and pensions will evaporate
by the time they retire, according to a poll conducted by Harris
Interactive for the AICPA.
Generation X represents more than 29 million adults born between
1964 and 1980. Survey results indicated the following:
* 55 percent of Gen-Xers surveyed said they will rely on savings
and investments to carry them through their golden years
* 65 percent don't expect Social Security to be a retirement
option
* 68 percent don't see pensions as a safety net
Gen Xers can take certain steps to build retirement savings, such
as paying off credit card debt, enrolling in their company's 401(k)
plan and opening an Individual Retirement Account.
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