Can’t Sleep? 401ks Are to Blame

She's really worried about her retirement prospects.

She's really worried about her retirement prospects.

Talk of retirement saving is supposed to put people to sleep, but not Gen X, and if recent research is to be believed, it’s a problem.

Nearly two-thirds of cynical generation are kept up at night thinking about financing their retirement, and one in three is worried they’re not earning enough money to  invest for the future,

The dot-com bust, the global financial crisis and the housing collapse, as well as stagnant wage growth during their formative adult years are the reasons.

Calling it “Generation AnXious,” Heather Lord, senior vice president and head of strategy and innovation at Capital Group, who performed the survey, notes that “Perhaps because of these concerns, Gen Xers long to do better than the average market and say actively managed funds can help them reach these goals.”

Each generation has taken the need to start saving early more seriously, according to Capital Group. Fifty-nine percent of Millennials began saving for retirement before age 25, compared to 42 percent of Gen Xers and 28 percent of Boomers. And a quarter of Millennials believe children born today should start saving for retirement even before their 18th birthday.

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