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.