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Why Gen X needs to think about retirement right now

Why Gen X needs to think about retirement right now

A new generation of just over 5 million Australians – born between 1965 and 1980 – are approaching their retirement years.

Michelle BowesWealth reporter

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It doesn’t seem that long ago that Gen X-ers were hitting nightclubs with teased perms and mullets as 20-year-olds in 1985.

Now, they’re pre-retirees, with the oldest set to turn 60 next year. This marks the start of a whole new generation of just over 5 million Australians – born between 1965 and 1980 – approaching their retirement years.

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Michelle Bowes
Michelle BowesWealth reporterMichelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com

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Original URL: https://www.afr.com/wealth/personal-finance/what-to-do-right-now-with-your-finances-if-you-re-a-gen-x-er-20240708-p5js0a