Filed Under:Markets, Employee Benefits

Gen X and Gen Y showing retirement readiness

According to MassMutual

Those falling under the label Gen X or Gen Y (born between 1965 and 1995) may have gotten a bad rap lately in terms of their ability and willingness to save and plan for reitrement. But that's not entirely the case, according to life insurance company MassMutual. 

According to its fourth quarter 2013 research, 58.4 percent of total DC participants are in the Gen X and Gen Y cohort and are continuing to gain on Baby Boomers, who now account for just 38.5 percent of participants on MassMutual's platform. For 2013 as a whole, the percentage of combined assets controlled by Gen X and Gen Y (34.2 percent) is still below that of Baby Boomers (60.2 percent), but, according to MassMutual, that gap is gradually closing. 

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Nichole Morford

Nichole Morford
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