Infographic: Gen X most anxious about retirement

Sabrina Karl
Personal Finance Writer
Data whiz and visual storyteller


Sure, millennials might be saddled with student debt, while baby boomers are running short on time before retiring. But it’s the generation of Americans sandwiched in between – Generation X – who seem to be feeling the greatest financial anxiety.

A survey by Allianz Life revealed that Americans age 37-51 have the least confidence in their financial management skills, are the most likely to make only partial credit card payments and are more uncertain than other generations about having enough money to last through retirement.

While 44 percent of baby boomers (age 52-70) and 41 percent of millennials (age 20-36) said they feel they can manage their money well, only about a third of Gen X respondents expressed the same confidence (34 percent).

They also were the most pessimistic about their money lasting through their lifetime, with just 58 percent indicating they believe they’ll have enough. That’s compared to two-thirds of baby boomers and more than three-quarters of millennials who think their money will outlast them (67 and 76 percent, respectively).

Credit card debt appears to be part of what’s getting in the way. Almost half of Gen Xers (49 percent) said they usually pay only a portion of their credit card bill, while even for millennials the share was lower, at 45 percent. Only 32 percent of baby boomers reported making mostly partial payments.

Allianz Life’s Generations Ahead Study was conducted online in May 2017 with more than 3,000 U.S. adults age 20-70 who have a household income of at least $30,000. Results of the study were released Nov. 29.

Gen Xers most anxious about retirement

See related: 5 money management tips for Generation X,  More infographics

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Updated: 03-22-2019