Many Gen-Xers facing retirement ‘nightmare’ due to lack of savings

 Members of Generation X don’t have much stored in savings, according to a new report from the National Institute on Retirement Security (NIRS). 

The report found that the “forgotten generation” faces a “dismal” retirement future. The typical Gen X household — with those born between 1965 and 1980 — has around $40,000 saved for retirement, while the bottom half of savers only have a few thousands banked.

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