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Generation X is likely to be worse off in retirement than the baby boomer generation

Generation X is likely to be worse off in retirement than the baby boomer generation — making the cohort the first post-war generation to be more ill-prepared for retirement than the previous one, according to a new study from J.P. Morgan Asset Management.

Baby boomers, or the cohort of Americans born between 1946-64, enjoyed a period of economic prosperity early on in their careers that contributed to strong asset growth and high savings rates not experienced to a similar degree by following generations.

As a result, those younger Gen Xers who are 35 to 44 years old today have a median net worth of approximately $47,000, compared with $102,000 for those of a similar age 25 years ago,

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