Transamerica Institute

Perspectives on Retirement: Baby Boomers, Generation X, and Millennials

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The 17th Annual Transamerica Retirement Survey finds that 45 percent of Baby Boomers are expecting a decrease in their standard of living when they retire, 83 percent of Generation X workers believe that their generation will have a harder time achieving financial security than their parents’ generation, and just 18 percent of Millennials are very confident about their future retirement. Approximately half of workers across all three generations plan to work at least part-time during their retirement. This vision of working during retirement is changing the landscape of retirement.

This report offers insights into three generations of American workers and their preparation and outlook on retirement. It also provides recommendations to help workers prepare for retirement and build their nest eggs.

Downloadable Materials:

Research report
Press release - August 23, 2016