For the so-called Slacker Generation, their retirement reality bites.

Just over half of Generation X — born between 1965 and 1980 — have little to nothing socked away for retirement, according to research by Prudential Financial of 2,000 pre-retiree Gen Xers conducted between March 31 to April 6, 2023. Thirty-five percent of the 65 million US Gen Xers have less than $10,000 saved, and 18% have no savings.

The results, echoed in two other recent surveys, reflect the burdens this generation faces and are a big wake-up call — especially for the oldest members who are about a decade from retirement age.

“Gen X is staring at one of the most complex landscapes for retirement readiness in decades,” Prudential Vice Chair Rob Falzon told Yahoo Finance. “Due to the decline in defined benefit pension plans, which often supported previous generations’ retirement, as well as uncertainty about the economy and long-term Social Security benefits.”

‘Gen Xers have less confidence in their financial future’

The Prudential research comes on the heels of the latest study from Allianz Life Insurance Company of North America published last week and Northwestern Mutual's 2023 Planning & Progress Study published in mid-May, both of which raised serious concerns about Gen X’s future financial outlook.

It’s a trifecta of gloomy news for Gen Xers.

In Allianz’s report, 64% of Gen Xers worry they won’t have enough saved for retirement, up from 55% in 2021. That’s even higher than what the Prudential report clocked and also tops Northwestern Mutual’s finding that 55% of Gen Xers say they won't be financially prepared for retirement when the time rolls around.

If that wasn’t enough, nearly half believe they could outlive their savings, according to the Northwestern Mutual survey conducted among 2,740 U.S. adults between February 13 and March 2, 2023.

“A notable finding in our report was that Gen Xers have less confidence in their financial futures than other generations,” Kelly LaVigne, vice president of Consumer Insights at Allianz Life, told Yahoo Finance.