Generation Xers Retirement Plan

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Recommended: President Obama's fiscal policy

Generation X consists of people born from 1965 through 1980 and are known as "Generation Xers" or just "Xers." Generation Xers are piagLled with credit card debt, student loan debt, and the rising cost of heaith care insurance. The end result is that irardly any of the Generation Xers are saving adeqr"rately for retirement. In order to address this problem, I think companies should be mandated by the govemment to autotnatically enroli employees in 401K plans. One of the reasons companies shor"rld autornatically enroll employees in 401Kp1ans is to insure people iearn how to contribute towards their retirement. Barack Obama's outlook on Arrericans' retirernent includes aritornatic eru-ollment in either a 40lKp1an or IRA deductions for those people …show more content…

Obarna's plan would make it easier for uneducated or even lazypeople to invest. I do not think it is realistic to expect Generation Xers to save adequateiy for retirement without knowing how to invest. One of the most important reasons that companies should automatically emoll (t-) U; Williams 2 social security benefits wili exceed its revenue, thus creating a gap, which lowers the payout for Generation Xers (Revell 120). Those retiring after the next 30 years rn,il1 have significantly r educed soci.ai security benefits and tirey will have to work longer before receiving those benefits. If McCain is elected, he wants to solve the long telm social securityproblemby cutting future benefits. This wor.rld not be good for Generation Xers, considering this generation faces so many issues that prevent them from contributing to their retirement porlfolios. McCain is manied to an ireiress; therefore, he does not understand the needs of the poor and rniddle ciass. Some people might say that people wiro need to be forced to invest are \azy ,

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