Reported about 2 months ago
Generation X, often overlooked, is now facing a precarious retirement situation with a significant number relying on financial assistance from their children, leading to the term 'Silver Squatters.' As they approach their mid-50s, many have alarmingly low savings—often just $50,000, a stark contrast to what's needed for a comfortable retirement. Economic pressures and a lack of preparedness highlight the need for this generation to engage in open discussions about their future financial planning and seek ways to improve their retirement readiness.
Source: YAHOO