They may be grappling with debt for decades to come, according to Nationwide Advisory Solutions.
However, only 24% of women say they are comfortable with their knowledge on investing, Fidelity Investments found.
Twenty-nine percent say financial planning makes them feel “excited and inspired,” a survey by Northwestern Mutual found.
This is true for only 43% of all business owners.
This is despite having lived through two bear markets.
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income, they have no intention of maximizing their benefits, a survey finds.
More than half have set specific retirement goals, J.D. Power learned in a survey
This will mean shifting their current focus from Baby Boomers, TD Ameritrade learned in a survey.
IRI President and CEO Cathy Weatherford says financial advisers are uniquely positioned to help Gen X effectively plan for their retirement concerns.