Generation X, the first generation to rely primarily on 401(k)s for retirement, is facing challenges saving enough. Many are behind schedule due to late starts, credit card debt, loans, and supporting family.
Generation X, the first generation to rely primarily on 401(k)s for retirement, is facing challenges saving enough. Many are behind schedule due to late starts, credit card debt, loans, and supporting family.
There was a really good The Daily episode that dug into 401ks.
TLDR: they only worked for the middle class.
https://www.nytimes.com/2024/05/20/podcasts/the-daily/401k-retirement.html