Members of Generation X have almost no retirement savings whatsoever. They don’t have defined benefit retirement packages. 401(k) savings programs are a joke. If they’re counting on Social Security, forget it. Political pressure to get rid of the program will certainly screw them before they get to collect it. And anyway, Social Security itself claims that it will be bankrupt in less than 20 years.
Ted Rall is the political cartoonist at ANewDomain.net, editor-in-chief of SkewedNews.net, a graphic novelist and author of many books of art and prose, and an occasional war correspondent. He is the author of the biography "Trump," to be published in July 2016.