Consumers in the 38-to-53 age group are an angst-ridden generation.
Fifty-one percent of Gen Xers worry about their retirement security, compared with 34% of baby boomers, and 45% are concerned about becoming disabled, versus 23% of boomers, according to a new study from research organization LIMRA .
Some of Gen Xers’ anxiety about their retirement years may owe to the fact that many do not have access to a defined benefit plan. LIMRA found that two-thirds of these consumers will have to create retirement income through their savings.Becoming disabled or incurring big medical or long-term care expenses could seriously erode their […]
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