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The Gen Xers who have saved for retirement fear they will be significantly short on funds. “Non-retired members of Generation X (ages 43-58) say on average it will take approximately $1.1 ...
Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. [2] Putnam is currently a subsidiary of Franklin Templeton ...
The typical Gen X household has $40,000 in retirement savings, according to a recent study from the National Institute on Retirement Security, far from the $1 million-plus financial experts suggest.
Gen X angst Americans estimate they should save $1.46 million for a comfortable retirement, a new Northwestern Mutual study shows. (Getty Creative) (Steven Errico via Getty Images)
Generation X (often shortened to Gen X) is the demographic cohort following the Baby Boomers and preceding Millennials. Researchers and popular media often use the mid-1960s as its starting birth years and the late 1970s as its ending birth years, with the generation being generally defined as people born from 1965 to 1980. [1]
On December 3, 2003, the SEC proposed new rules to stop after-hours trading in mutual funds. [9] [10] On December 18, 2003, the SEC “announced an enforcement action against Alliance Capital Management L.P. (Alliance Capital) for defrauding mutual fund investors. The SEC ordered Alliance Capital to pay $250 million.
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