Transamerica Institute

15th Annual Transamerica Retirement Survey

Results from the 15th Annual Transamerica Retirement Survey show retirement expectations and readiness across generations. The initial report, "Three Unique Generations with Very Different Retirements Ahead of Them: Baby Boomers, Generation X and Millennials," offers comparisons among the three generations. The second report, "Millennial Workers: An Emerging Generation of Super Savers," explores the youngest group of workers and spotlights their strides toward retirement readiness. The newest report, " Generation X Workers: Retirement Reality Bites Unless Answers Are Implemented," delves into the retirement readiness of the "401(k) Generation" and offers suggestions to help them reach their retirement goals.

The survey is one of the largest and longest-running of its kind, and is a robust, nationally representative survey conducted by an independent research company.  The large sample enables TCRS to delve into comparisons across many demographics and provides a basis to educate the American public on trends, issues, and opportunities related to saving and planning for retirement and achieving financial security in retirement. 

Generation X Workers: Retirement Reality Bites Unless Answers Are Implemented

TCRS is continuing to spotlight research on the retirement readiness of different generations and finds that Generation X workers (born 1965-1978) are facing formidable uncertainties about their future retirement. Gen Xers – who joined the workforce as 401(k)s were being introduced – could be considered the “401(k) Generation,” and indeed many of them are saving for retirement through such plans. However, the study also reveals that current levels of savings may not be enough, and offers recommendations to help improve the retirement readiness outlook for Generation X.

Downloadable Materials:

Generation X Workers Report
Generation X Workers: 15 Alarming Facts About Retirement Readiness and 7 Steps for Improving It Fact Sheet
Press Release -- August 28, 2014

Infographics and Shareable Images:

Generation X Infographic
Generation X Working in Retirement
Generation X The Future Is Now
Generation X Guessing Retirement Goal

Millennial Workers: An Emerging Generation of Super Savers

New research reveals that the retirement savings habits of American Millennial workers (born between 1979 and 1996) are strong and that Millennials appear to be an emerging generation of retirement super savers. Millennial workers are already focused on retirement – a large majority is saving for retirement, and started doing so a young age. Similarly, a large majority of those offered a 401(k) or similar plan participates in the plan.

Millennials also have an opportunity to learn more about retirement and further strengthen their savings. These materials explore the survey findings about Millennial workers and offer recommendations for them, their employers and policymakers. 

Downloadable Materials:

Millennial Workers Report
15 Facts About Millennials' Retirement Readiness... and 7 Steps for Long-Term Success Fact Sheet
Press Release -- July 15, 2014

Infographics and Shareable Images:

Millennials Infographic
Millennials Find Tech-Based Tools Helpful
Millennials are Saving for Retirement
Few Millennials Use Retirement Calculator


Three Unique Generations with Very Different Retirements Ahead of Them: Baby Boomers, Generation X, and Millennials

Experts have long written about the changing retirement landscape over the past century.  Times are changing so rapidly that the retirements of Baby Boomers, Generation X and Millennials will not only be a radical departure from their parents' generations, but from each other as well.  This new research examines current trends among American workers and compares the retirement outlook across these generations.

Downloadable Materials:

Three Generations Report  White Paper Press Release - April 30, 2014

Infographics and Shareable Images:

Three Generations of Retirement Infographic
Three Generations - After the Storm
Workers Want Financial Advice on Retirement
Retirement Confidence Rebounding
Workers May Need $2 Million for Retirement
Retirement Differs Among Generations
Delaying Retirement

15th Annual Survey (2014) - Full Survey Results

The worker report includes trend data and comparisons by company size, generation, gender, household income, educational attainment, and ethnicity/race.

Downloadable Materials:

A Compendium of Findings About American Workers