{"id":925466,"date":"2026-01-08T10:05:57","date_gmt":"2026-01-08T15:05:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/majority-of-gen-x-feels-confident-in-their-investment-decisions-yet-40-lack-a-formal-financial-plan\/"},"modified":"2026-01-08T10:05:57","modified_gmt":"2026-01-08T15:05:57","slug":"majority-of-gen-x-feels-confident-in-their-investment-decisions-yet-40-lack-a-formal-financial-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/majority-of-gen-x-feels-confident-in-their-investment-decisions-yet-40-lack-a-formal-financial-plan\/","title":{"rendered":"Majority of Gen X Feels Confident in Their Investment Decisions, Yet 40% Lack a Formal Financial Plan"},"content":{"rendered":"

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Majority of Gen X Feels Confident in Their Investment Decisions, Yet 40% Lack a Formal Financial Plan<\/b><\/p>\n

Equitable study reveals opportunity for financial professionals to help this self-reliant generation grow their wealth, plan for retirement and leave a legacy<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–Equitable<\/a>, a leading financial services organization and principal franchise of Equitable Holdings, Inc<\/a>. (NYSE: EQH<\/a>), today released a new study, \u201cApproaching Retirement: Getting Gen X from Good to Great.\u201d<\/a> The white paper explores Gen X\u2019s attitudes and behaviors around investing and retirement planning, offering insights to help financial professionals serve the holistic planning needs of this self-reliant generation as retirement shifts from a distant goal to an approaching reality.<\/p>\n

\nGen X, which includes more than 65 million Americans, entered the workforce during a major shift in the U.S. retirement landscape. Employer-funded plans such as pensions gave way to employee-funded defined contribution plans such as 401(k)s and IRAs, placing the responsibility for retirement planning squarely on individuals. Notably, only 14% of Gen Xers have access to a traditional pension, compared to 44% of baby boomers.1<\/sup> Additionally, as the inaugural class of the 401(k), Gen Xers had limited guidance and education on how to maximize these retirement savings plans. They lacked modern tools such as automatic enrollment and target date funds, which were available to younger generations like millennials and Gen Z.<\/p>\n

\n\u201cGen X is the first generation to shoulder full responsibility for their retirement. They became DIY financial planners by necessity, not by choice,\u201d said Nick Lane, President of Equitable. \u201cNow in the prime of their careers, with the oldest Gen Xers thinking seriously about how they will live the next 20 to 30 years in retirement, they face a new chapter \u2014 one that demands more than simply accumulating assets. To grow their wealth, plan for retirement and leave a legacy, Gen X investors need comprehensive wealth planning and sophisticated strategies. They are primed to work with a trusted financial professional to help them achieve these top priorities.\u201d<\/p>\n

\nCommissioned by Equitable and conducted by The Wall Street Journal\u2019s<\/i> Intelligence Unit, the \u201cApproaching Retirement: Getting Gen X from Good to Great\u201d study presents key findings from a survey of 500 retail investors \u2014 primarily Gen X, with millennials and pre-retiree baby boomers included for comparison. Overall, the survey respondents are high earners who do not expect to receive an inheritance or a primary benefit of $100,000 or more.<\/p>\n

\nAs financial professionals look to better engage and provide holistic planning support to Gen X clients, Equitable\u2019s study uncovered the following key insights:<\/p>\n