[NautiNurse]

55-year-old Americans have typically saved less than $50,000 for their pension

Yikes.

[packagingguy]

“$446,565”

That’s the recommended amount?!

I’m in the poorest metropolitan area in the nation and you’d need to plan on dying young to retire on that.

[wildcard_redneck]

That age group has been hammered by Jim Crow 2.0 anti-white laws, timing of downturns, and the evil, skanky Karens. They are the canary in the coal mine.

[Antoninus]

55-year-old Americans have typically saved less than $50,000 for their pension.

How many of those have parents who are worth +$1 million who are still alive? Quite a number, I'll reckon. Most of that money will go to the GenXers in question.

This is typical "financial advisor" speak. They ALWAYS want you to put more money on your 401k. Think about why.

[napscoordinator]

I understand they look at savings and 401K’s. My savings has 20K. I don’t have a 401K. But I have a lot of individual stocks and 5 mutual funds. I am 55 and will be fine in ten years. Problem is what they look at to judge a person’s retirement portfolio. I think Gen X’ers will mostly be fine.