Generation X Is Turning 60, and Many Can’t Afford to Retire

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 23 August 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many Americans born between 1965 and 1980, often referred to as Gen X, are facing shortfalls in savings as they approach the traditional retirement age. Wall Street Journal reporter Hannah Miao joins host J.R. Whalen to discuss why they are in a worse position than the previous generation’s baby boomers were at the same age. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:14.4	slash Wall Street.
0:17.0	Here's your money briefing for Friday August 23rd. I'm J. R. Whelan for the Wall Street Journal.
0:27.2	The oldest members of Generation X will soon turn 60, but as they move closer to the traditional retirement age, many are still struggling to make ends meet.
0:37.0	Gen X often finds itself in what's called a sandwich generation.
0:41.0	So they're caring for their older parents who might be aging, who might need financial support, and you know people are living longer than they had in previous generations.
0:51.0	Meanwhile, their kids are often living with their parents for longer.
0:55.6	We'll talk to Wall Street Journal reporter Hannah Meow.
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1:26.0	AI needs.
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1:32.1	Take a free test drive of OCI at Oracle.com slash Wall Street.
1:36.3	Oracle.com slash Wall Street. Generation X is approaching retirement, but many aren't in a financial position to stop working anytime soon.
1:51.0	Wall Street Journal reporter Hannah meow joins me.
1:54.3	Hannah, when we say Generation X, what age group are we talking about?
1:58.3	Generation X includes people born between 1965 to 1980.
2:04.2	So the oldest members of Gen X are 59 this year
2:07.7	and the youngest are 44.
	...

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