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Gen X and boomers are at greater risk of facing retirement shortfalls than younger generations, a new report said.

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  • Morningstar found a higher share of boomers and Gen X are at risk of retirement shortfalls.
  • This is largely due to the different types of retirement accounts that didn't exist for older adults.
  • Pensions have been on the decline while savings accounts like 401(k)s have been boosted in recent decades.

Retirement isn't looking too hot for boomers and Gen Xers — but younger generations just might be OK.

Tags
economy, finance, economy, Retirement, retirement-savings, social-security, Boomers, gen-x, Millennials, gen-z, Morningstar
Source
Millennial and Gen Z retirements might actually be OK while boomers and Gen X c…