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Many experts are focusing on baby boomers entering retirement at historic rates.
However, according to a new data-driven analysis, the real crisis may be coming soon – and it concerns Gen X. GOBankingRates explains what this means for the aging generation, and what they can do about this upcoming retirement issue.
Facing ‘retirement crisis’
According to a new paper from Retirement Income Institute of the Alliance for Lifetime Income2025 marks the peak of the Peak 65 Zone – the largest wave of Americans over 65 in history.
The report found, “While baby boomers are in the spotlight, Gen
“It’s no surprise that our research shows that only 41% of Gen “And not surprisingly, 37% of Gen
The 3 biggest problems facing Social Security in 2026
missing safety net
According to a retirement report of bankrate69% of Gen
What about the Social Security safety net?
“The oldest Gen-Xers will turn 65 in 2030, just three years before the Social Security trust fund is projected to run out,” Bamji said. “Unless Congress acts to fix this, Gen
Furthermore, according to Bamji, “To fill the security gap left by Social Security, it is no surprise that Gen Xers said they are significantly more interested in the lifetime income security provided by annuities than Boomers.”
need to change
Bamji said the report highlights the urgent need for expanded access to protected lifetime income solutions and policies that strengthen retirement security, ensuring Gen Xers do not enter retirement at a disadvantage compared to the generations that came before them.