7/2/2015 – 5 biggest financial mistakes Gen X and Gen Y make (MarketWatch)

The biggest looming threat to Gen Xers, however, is not access to affordable investment advice. Rather, it’s their lack of savings for retirement. And it’s a threat made even worse if you consider the possibility that Social Security might not be available in its current state for their retirement. Social Security benefits are expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted. And, at the point where the reserves are used up, continuing taxes are expected to be enough to pay just 76% of scheduled benefits.

Read the full article in Forbes.