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."