New Study Shows Gloomy Outlook For 'Generation X' Retirees - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

New Study Shows Gloomy Outlook For 'Generation X' Retirees

Posted: Updated:
"The Pew Study" shows the 80-million people in the age group known as "Generation X" didn't have nearly as much money in savings as the older "Baby Boomer" generation at the time of the financial crash. "The Pew Study" shows the 80-million people in the age group known as "Generation X" didn't have nearly as much money in savings as the older "Baby Boomer" generation at the time of the financial crash.
OKLAHOMA CITY -

A recent study shows people in their 30s and 40s were hit especially hard by the stock and housing market collapse five years ago. And it could greatly affect the quality of their retirement. 

"The Pew Study" shows the 80-million people in the age group known as "Generation X" didn't have nearly as much money in savings as the older "Baby Boomer" generation at the time of the financial crash. 

Generation X was more willing to take financial risks, according to the study. 

Financial Planner Tracy Miller of Red River Advisors in Oklahoma City says members of "Generation X" still have time to provide for a good retirement, but they'll have to work for it.

"Save.  Start saving.  Get a savings plan in place," she said. "And not a savings plan that you're going to spend next year on vacation."

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.