Tuesday, February 05, 2008

 

Generation X Focused on Near-Term Financial Priorities, Despite Concerns About Their Financial Future

Only 13 percent of Americans ages 25-40 feel strongly that they're on the right track for retirement and know exactly what they need to do to prepare, according to a new study commissioned by Charles Schwab. The vast majority (89 percent) of this age group admit to having at least one major financial concern regarding retirement, yet nearly four out of every five (78 percent) agree that, for now, retirement planning takes a back seat to other financial priorities such as meeting daily expenses, paying off debt or buying a home. Only 27 percent of respondents consider saving for retirement to be a priority.

Generation X Focused on Near-Term Financial Priorities, Despite Concerns About Their Financial Future
Source: News & Observer

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