Study: Younger boomers, Gen X are less prepared for retirement

05/16/2013 | Forbes

Baby boomers born between 1946 and 1955 may be the last generation to maintain their standard of living in retirement, according to a Pew Charitable Trusts study of five American generations' wealth. The financial security of later boomers and Generation X could be compromised by their relatively high debt loads and low assets compared with early boomers and the two generations prior, according to the report. "One of the things that really surprised us is that there is a great deal of variation within and across all groups with the degree to which the recession has affected wealth -- and a sizable minority of households experienced positive changes in their wealth," said Pew's Erin Currier.

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