Two prominent reports claiming Gen Xers will be in worse shape for retirement than baby boomers are based on flawed assumptions or methodologies, according to a report from the Employment Benefit Research Institute.
EBRI says that a study by Pew Charitable Trusts in 2013 is wrong because it "explicitly ignores future contributions to defined contribution plans."
Pew's study projected a decrease of 32 percent of median income replacement for Gen Xers at age 65 compared to "Early Baby Boomers," and a decrease of 9 percentage points compared to "Late Baby Boomers," according to EBRI.
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