For many Gen Xers, retirement is a daunting concept due to financial concerns. The rising price at the pump, increasing healthcare costs, and lingering student loan debt are contributing to anxiety about securing their financial future.
A recent book club pick, “Retirement Bites: A Gen X Guide to Securing Your Financial Future,” aims to address these worries. Written by Kerry Hannon and Janna Herron, this guide provides practical advice on managing finances, creating a net worth statement, and understanding Social Security and Medicare options.
Gen Xers are more likely to face financial challenges than other generations. According to research, 25% of Gen Xers lack a retirement account, with the average household saving only $40,000 for retirement. Many expect to postpone retirement, carry significant credit card debt ($9,600), and live paycheck to paycheck.
However, authors Hannon and Herron emphasize that it’s not too late to take control. By exploring one’s financial backstory, including childhood experiences and emotional triggers, individuals can gain clarity on their spending habits and develop a stable foundation for retirement planning.
The book covers various topics, from creating a net worth statement to navigating healthcare costs, providing practical advice for Gen Xers looking to secure their financial future.
Source: https://www.washingtonpost.com/business/2026/03/18/genx-retirement-bites-book-club