According to a report by the Retirement Income Institute, Generation X (born 1965-1980) faces a more severe retirement crisis than baby boomers. This is attributed to the shift from defined benefit to defined contribution pensions, with only 14% of Gen X workers having traditional pensions. Additionally, the Social Security Administration projects its trust fund will run out by late 2032, potentially leading to a 20% benefit cut.

The report also highlights that 37% of Gen Xers are delaying retirement due to finances, and 21% expect to work until age 70 or later. J.P. Morgan strategists warn that the S&P 500's heavy concentration in a few AI companies creates systemic risk, making Gen Xers vulnerable to a market downturn as they approach retirement.