"Majority of Adults Over 50 Avoid Professional Retirement Planning; Lawmakers and Big Names Weigh In"

A recent survey from AARP found that 62% of adults age 50 and older have not consulted a professional to help plan for retirement, with reasons including a preference to handle financial planning themselves, lack of retirement savings, and inability to afford a financial professional. Many Gen Xers are struggling to save for retirement, with the typical household having just $40,000 in retirement savings. Encouraging financial literacy and seeking professional advice, such as from certified financial planners, may help improve retirement planning for individuals in this age group.