In addition, a survey found, most do not know what they need to save for a comfortable retirement.
Tag: retirement outlook
The top three retirement risks Gen Xers are most concerned about are changes to Social Security, high health care costs and running out of money.
They view it as a hedge against rising health care costs, longevity risk and market downturns.
Seventy-nine percent believe that by the age of 80, a comfortable retirement will be a thing of the past, and 70% say that is because they are unable to save as much as retirement planning tools recommend.