Gen X: Time Is on Your Side When It Comes to Saving for Retirement

This often-overlooked demographic got a late start on saving and endured the Great Recession, but most are on the road to recovery.

Generation X has been called America’s neglected middle child. For starters, this demographic group, sandwiched between the baby boomers and the millennials, was born in a relatively short 15-year span—between 1965 and 1980. And there are fewer of them—66 million in the U.S., compared with 74 million baby boomers and 71 million millennials. Plus, they’re the victims of rotten timing. Just as they were approaching their prime, enjoying homeownership and revving up retirement savings, the housing bubble burst, igniting the financial crisis and the Great Recession. That decimated their portfolios and slashed the value of their homes.

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.