Our ability to live longer and healthier lives requires that we plan, prepare, and successfully navigate life’s uncertainties.
This survey examines the health and well-being, employment, personal finances, and retirement preparations of U.S. workers aged 18 and older employed by for-profit companies.
- Baby Boomers (Born 1946 to 1964) have re-written societal rules at every stage of in life, including retirement. By working into older age and seeking a flexible transition to retirement, they are upending the long-standing societal notion that work and retirement are mutually exclusive.
- Generation X (Born 1965 to 1980) entered the workforce in the 1980s and 1990s when defined benefit plans were starting to vanish from the retirement landscape. 401(k)s were just becoming available, but relatively few workers had access and saved in them.
- Millennials (born 1981 to 1996) entered the workforce around the Great Recession, which began in late 2007. Although most are saving for retirement, many are falling behind. This issue could be addressed by proactively engaging in retirement planning.
- Generation Z (born 1997 to 2012) are the youngest generation in the workforce, and they have decades to grow their retirement savings.