Neil Howe

New Research Finds Millennials and Gen X Increasingly Concerned About Retirement in Wake of Pandemic

Retrieved on: 
Monday, July 19, 2021
Demographics, Articles, Demography, Millennials, Issues in retirement security, Strauss–Howe generational theory, Generation, Social Security, Retirement, Pension, Generation Z in the United States, Neil Howe

Sixty-four percent of Millennials and 54 percent of Generation X are more concerned about their retirement security in the wake of the COVID-19 pandemic.

Key Points: 
  • Sixty-four percent of Millennials and 54 percent of Generation X are more concerned about their retirement security in the wake of the COVID-19 pandemic.
  • New research finds that Millennials and Generation X are more worried about retirement as compared to older generations.
  • The research finds strong support for pensions and Social Security, both of which provide stable and predictable income that lasts through retirement.
  • There is generational agreement that the U.S. faces a retirement crisis, with Millennials and Generation X most pessimistic about retirement.