For Gen X, a ‘dream retirement’ is a long shot

The next generation to be retiring has a lot of catching up to do

It’s a conundrum of dreams vs. reality.

Generation X — born between 1965 and 1980 — say they will need on average $1.1 million in savings to retire comfortably, according to a new survey from investment manager Schroders.

Sadly, they already figure they will fall far short of that elusive number. The amount they expect to have saved — $661,000 — barely meets half of their goal.

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