The Retirement Readiness of 3 Unique Generations: Baby Boomers, Generation X, and Millennials

2014 represents a confluence of economic and demographic occurrences. The U.S. economy is recovering from the Great Recession and American workers are moving forward with their lives. The last of the Baby Boomers will be turning 50 in 2014. This means that Generation X is on the eve of their mid-century birthday. Millennials have now entered the workforce in full force. How do each of these generations view retirement? What are they doing to prepare?

The Retirement Readiness of Three Unique Generations: Baby Boomers, Generation X, and Millennials takes an in-depth look at how different generations are approaching their future retirement. Based on survey findings, the research contemplates the changing retirement landscape and how today’s workers are facing retirement futures that will be very different than their parents. In fact, the landscape is changing so rapidly that the retirements of Baby Boomers, Generation X, and Millennials will likely be very different from each other's.

The research report is based on the 15th Annual Transamerica Retirement Survey of 4,100 workers of for-profit companies in 2014.