The market downturn is taking its toll on Generation X investors, the 52 million Americans born between 1967 and 1981, a survey by
In spite of recent market conditions, 69% believe their standard of living in retirement will be better than their parents and the majority describe their financial situation as very or somewhat secure, the survey showed.
MainStay conducted the survey of 530 investors between the ages of 23 and 35 in May 2002.