Pew survey questions Gen X, baby boomer savings - 13 WTHR Indianapolis

Pew survey questions Gen X, baby boomer savings

Posted: Updated:
NEW YORK -

A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.

The study found that members of Generation X, who are now between 38 and 47 years old, lost almost half their wealth between 2007 and 2010. Young baby boomers, who are between 48 and 57, lost more money but a smaller portion of their overall wealth.

The report says both of those groups are struggling to save enough money for retirement and are lagging older groups in terms of their savings. They also hold more debt than those groups did at similar points in their lives.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Friends, colleagues remember life of slain IMPD officer

    Friends, colleagues remember life of slain IMPD officer

    Saturday, April 19 2014 12:34 PM EDT2014-04-19 16:34:23 GMT
    Picture provided by familyPicture provided by family
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department. Neighbors and those who worked with Ofc. Kimberlee Carmack are still trying to understandMore >>
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department.More >>
  • Franklin mom visited by phony CPS workers

    Franklin mom visited by phony CPS workers

    Thursday, April 17 2014 8:11 AM EDT2014-04-17 12:11:37 GMT
    A Franklin woman is warning other mothers after she says two people came to her house and threatened to take her children.More >>
    A Franklin woman is warning other mothers after she says two people came to her house and threatened to take her children.More >>
  • Murder-suicide tragedy rare, but followed pattern

    Murder-suicide tragedy rare, but followed pattern

    Friday, April 18 2014 11:49 PM EDT2014-04-19 03:49:46 GMT
    The domestic violence case that ended in the murder-suicide of two IMPD officers reveals a serious danger for police officers that goes far beyond the risks they face each day in the line of duty.More >>
    The domestic violence case that ended in the murder-suicide of two IMPD officers reveals a serious danger for police officers that goes far beyond the risks they face each day in the line of duty.More >>
Powered by WorldNow