It’s getting closer to retirement time for Gen X—those roughly born between the mid-1960s and early 1980s. Specifically, the first wave of Gen X was born in January 1965. Since they are currently around 59½, they can withdraw money now without paying a penalty on their 401(k)s and other retirement accounts. However, members of this generation face an imminent retirement crisis that poses a significant challenge.
Ultimately, this financial strain could lead to a troubling trend for the Slacker Generation: the rise of “silver squatters.”
