Dave Goodsell, Natixis Center for Investor Insight
Dave Goodsell, Natixis Center for Investor Insight
26 June 2024
Morning Shot: 3 in 10 Gen Xers worry they'll never retire
Generation X is entering the home stretch towards retirement, with just six months left before the first Gen Xers turn 60 - but 3 in 10 are worried that they’ll never retire.
That’s according to recent surveys by Natixis Investment Managers which have found that almost half of Gen X (48%) say it’s going to take a miracle to retire securely. To get there, they are saving an average of 17% from their annual income but half of them say they are burying their heads in the sand and avoid thinking about retirement altogether.
Two critical issues seem to be shaping Generation X’s thinking about retirement - inflation and debt. In the short term, they are coming to grips with the reality of inflation. Overall, 83% of Generation X investors say the recent bout of inflation has revealed just how big a threat rising prices are to their retirement security. Nearly seven out of ten (69%) say inflation has hurt their ability to save for retirement and more than half (55%) report that they are saving less due to higher everyday costs.
On this episode of Morning Shot, Dave Goodsell, Executive Director at the Natixis Centre for Investor Insight shares more.
Presented by: Ryan Huang
Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg)
Graphics credits: planadviser
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Listen To His Previous Podcasts:
13 February 2024
Money in the Market: How are fund selectors changing their investment strategy for better returns amid uncertainty?
For professional fund selectors, uncertainty in financial markets is the main theme for this year when allocating assets. Recession is still a top concern - as global tensions continue to escalate, there’s still a long way to go for economic growth, and interest rates are still here for higher for longer. So can we expect more stock market volatility? How are fund selectors mitigating the risks? Which assets do they see opportunities this year? On Money in the Market, Hongbin Jeong speaks to Dave Goodsell, Executive Director of Natixis Center for Investor Insight, to find out more about the key findings of Natixis Investment Manager’s latest Fund Selector Outlook Survey.
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