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Many Generation Xers in UK face financial hardship in retirement

95

Volatile incomes, debts and insufficient savings pile pressure on 40- to 55-year-olds, study shows

A significant proportion of Generation Xers in Britain face financial hardship in retirement, with one in three likely to experience substantial disadvantages, according to a report.

Many 40- to 55-year-olds are unable to save because they are overwhelmed by multiple financial pressures, struggling with volatile incomes and juggling competing priorities including caring, debts and mortgages.

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