19% of Gen X workers say they do not expect to ever fully retire, and another 19% plan to work until 68 or older, according to Zety’s survey of 1,003 workers.
64% said recent inflation and rising costs hurt their finances—the biggest shock cited, ahead of the pandemic at 46% and the 2008 financial crisis at 23%.
58% said their income only barely covers expenses or does not cover them at all, underscoring why retirement planning is slipping for many during peak earning years.
53% said past downturns weakened confidence in their retirement strategy, while 44% are cutting spending, 35% paying down debt and 25% taking second jobs or side hustles.
61% feel less financially secure than they expected at this stage of life, and 52% worry they have not saved enough for retirement.