Gen X and Gen Y saving more than Boomers – survey

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More than a quarter of Baby Boomers are unsure if they will be able to meet their savings goals by the time they are ready to retire, while their children appear to be on sounder footing, according to a TD Ameritrade survey.

This year the first of the ‘Boomers’ — the post WWII generation born between 1946 and 1964 — began heading into their golden years at a rate of around 10,000 a day.

The survey of 1,509 adults, conducted by Maritz Inc on behalf of TD Ameritrade Holding Corp , found that 27 percent of Boomers were less than confident or not at all confident that they will have saved what they hoped by the time they hit 65.

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