How credit unions can help fiercely independent Gen X executives retire well
Explore strategies to help Gen X execs retire well while keeping their leadership and experience driving credit union growth.
The “forgotten generation,” more popularly recognized as Generation X, is characterized by many traits. Perhaps none is more notable than the trait of independence.
Coming of age as so-called latchkey kids, Gen Xers from dual-income households were often responsible for tasks that prior generations relied on adults to handle. Kids got themselves home from school, finished their homework, and in some families, started dinner while also caring for younger siblings.
Today, as the oldest among them approaches retirement, Gen X professionals find themselves back in familiar territory—responsible for a monumental task that prior generations relied on employers to handle.
The forgotten generation takes the reigns of retirement investing
Having entered the workforce just as the incentives for American workers began to change, Gen Xers have largely been excluded from simple, yet lucrative, retirement programs. Gone were the days of ubiquitous pensions programs that rewarded loyalty with steady income throughout retirement—and sometimes longer, providing benefits to widows and other beneficiaries even after the pension holder died.
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