Vanguard Reports Boomers Struggling with Retirement Security, Gen X Faring Slightly Better

Vanguard highlights generational differences in retirement preparedness, with baby boomers facing greater challenges compared to Gen X.

Summary

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Terms & Concepts
  • Retirement Security: The financial stability and resources available to an individual during retirement, ensuring the ability to meet basic living expenses without employment.
  • Baby Boomers: A demographic group born approximately between 1946 and 1964, now approaching or in retirement age.
  • Generation X: A demographic group born roughly between 1965 and 1980, currently in mid-career or approaching retirement.