Nearly 1 in 5 Gen X Workers Don't Expect to Fully Retire

A new report from Zety indicates that nearly one in five Generation X workers do not expect to ever fully retire. The demographic has faced a series of economic downturns, including the dot-com crash, the 2008 financial crisis, and the global pandemic, leading many to postpone their retirement plans.

The Zety analysis shows that Generation X workers have had to significantly adjust their financial situations. Many report cutting back on expenses and taking on secondary jobs or side hustles to maintain their lifestyle and save for their later years.

This trend raises concerns about the long-term financial security and well-being of this cohort. It may also impact the labor market as older workers remain in employment longer.

Zety compiled data to examine the financial challenges and retirement expectations of Generation X (born between 1965 and 1980) in the United States.