Gen X faces retirement shock as millions near 60 with 401k savings far from the $1.46 million goal

Gen X retirement savings are under pressure as many near retirement with less money than needed. Rising inflation, late saving, and economic shocks made it harder to build large 401(k) balances. Experts say boosting contributions, investing for growth, and delaying retirement can help. Many Gen X workers are now trying to catch up before retirement.