A recent study reveals that confidence in retirement differs among generations, with Millennials and Baby Boomers feeling more assured than Generation X. Over 70% of Millennials and over 80% of Boomers are confident about their retirement, compared to nearly 50% of Gen X. This contrast can be attributed to Gen X's unique challenges of supporting both aging parents and adult children financially, contributing to their lower confidence levels in building adequate retirement savings.
Millennials and Baby Boomers display greater confidence in retirement compared to Gen X, with recent trends showing over 70% of Millennials and over 80% of Boomers feeling assured.
Gen X faces unique challenges as they financially support both aging parents and adult children, which may contribute to their lower confidence about retirement.
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