Kerry Hannon

Thanks for the invite.

Yeah, I mean, it's a great question because, of course, everyone's situation is different.

But when we look at, you know, sort of the landscape of Gen X, there is this real sense that they're woefully unprepared for retirement.

One in four don't have a retirement account.

And three in five are not confident that they're going to have what they would consider a dream retirement.

And half believe that they're going to outlive their money.

So this is not a good feeling.

And so there's this sense that they're woefully unprepared.

And study after study has been kind of bubbling up with these kinds of statistics.

But, Robert, here's the thing.

They may not necessarily be unprepared, but even if they aren't, they think they are.

And you know what?

That's just a whatever Gen X kind of malaise, right?

Yeah, Robert, I mean, you just nailed it.

The biggest, biggest thing is the arrival of the 401k, just as they were getting started in the workplace.

And so as pensions sort of faded away and 401ks came on the scene,

Nobody knew what these were.

Nobody told us what they were.

We didn't know how to invest in them or how, you know, it's like do it yourself investing the great experiment.

And, you know, at that time, this was like the mid 80s, there wasn't a lot of money you could actually set aside in these accounts.