Retirement: The New Generation Gap

    Generation X
Ages 33 or
Younger

  Late Boomers
Ages 34-44

  Early Boomers
Ages 45-52

  Pre-Boomers
Ages 53+

Retirement Accumulations to Date
None
Under $10,000
$10,000 - $50,000
$50,000 - $100,000
Over $100,000
 

25%
26
30
13
7

 

15%
20
43
13
10

 

12%
12
31
19
27

 

11%
8
32
18
31

Retirement Expectations
Expect to retire at age 55 or younger
Want to retire at age 55 or younger
Expect to work part time
 

25
51
71

 

17
37
78

 

10
28
69

 

7
17
67

Most Important Expected Retirement
Income Sources
Personal Savings
Social Security
Employer-Funded Plan
 

61
5
17

 

55
10
21

 

43
14
32

 

42
21
26

Workers With a Retirement Savings Goal
 

26

 

24

 

27

  33
Workers Very Confident in Personal
Financial Preparation for Retirement
 

32

 

27

 

33

 

37

Worker Confidence in Having Enough
for a Comfortable Retirement
Very confident
Somewhat confident
Not too confident
Not at all confident
 

26
41
20
12

 

19
47
18
13

 

27
46
14
12

 

31
36
19
13

Workers Very Confident in Personal
Financial Planning for Retirement
 

32

 

27

 

27

 

31

Source: 1997 Retirement Confidence Survey.