Generation X at Financial Disadvantage, Warns The Economist
Generation X (born 1965-1980) is the most financially disadvantaged living generation, according to The Economist. Unlike Boomers, who thrived in post-war prosperity, or Millennials, who adapted to the digital economy, Gen X has faced stagnant wages, insecure jobs, and the collapse of traditional pension systems.
The shift from defined-benefit to defined-contribution retirement plans has placed more risk on individuals, hurting Gen X the most. Now nearing retirement, many are underprepared, with limited savings and little time to recover.
As the “sandwich generation,” they also bear the cost of caring for both children and aging parents, further straining their finances. Only a minority will retire with adequate security, raising concerns about future poverty and broader generational inequality.
Gen X’s challenges call for urgent policy attention, especially around retirement security and intergenerational support. Without action, their experience could foreshadow wider economic insecurity for future retirees.
