Gen X reveals their retirement plan but it's not one you'll find in a finance news segment

Retirement is something just about everyone looks forward to once they cruise into middle age. Daydreams about spending your days on the beach sipping a frozen drink under a cabana while the sound of the waves washes away any left over worries. Sounds lovely, doesn't it, but not everyone gets to live that retirement dream. "Feel good" videos of strangers helping an elderly stranger retire through a GoFundMe campaign cycle through the social media sphere ever three to five business months.

But Gen X has a plan that they consider foolproof. The children of baby boomers don't have company pensions to fall back on as a whole like many from previous generations so they've had to come up with something on their own. Currently, financial analysts explain that in order to retire someone needs to have 10-12 years of their annual income stacked in their bank account before they hit the retirement button. That means if you currently make $100,000 per year, you should have over $1 million in the bank but people also need to account for cost of living increases.

Couple enjoys a serene sail on a sunny day.Photo credit: Canva

Saving for retirement starts early for those in the position to save, since experts advise that people should already have up to four times their annual salary in savings by the time they're 40 years old. Many in Gen X don't have 4 to 6 times their annual income in their account, in fact a large sector of this generation are still living paycheck to paycheck with little money in their savings accounts. This reality plays into the tongue-in-cheek but very serious Gen X retirement plan and it's not one you'll find in the finance section of a newspaper or magazine. Simply put, Gen X plans to die.

We're not talking about they are all planning to drink special Kool-aid or anything, they just plan to work until their body's give out and they die. The sentiment is something that people joked about on social media often using a viral sound attached to a video of a woman walking to her desk.

Floating in bliss on a sunny pool day.Photo credit: Canva

"So I am obviously Gen X and my retirement plan is to pass away, so I'm not sure how many other Gen X people have that as their retirement goal but I know that I will be working one day and fall over dead," the woman says.

The comment section on the video was full of people agreeing that they had the same retirement plan with a few exceptions, like the person that writes, "Norway prison is by far the best that I have looked at for retirement."

In another video that uses the same sound, the Corrbette Pasko asks, "are you trying to tell me there's a different option, because I don't understand what that would be. They don't want to give me money when I'm alive and working, if I stop working who's going to give me...like what do you think I'm going to do, buy a boat? With what? I tried planting a money tree in the back and it...okay, I didn't put any seeds in the ground. I just yelled and screamed and cried a bunch and stomped and I thought maybe, but no."

Upworthy spoke with Gen Xer John S. Blake about the retirement plan for their generation and why they think many are not prepared. They explain, "First, I can't only speak for my own personal experiences. For me, schools didn't teach financial awareness: banking, investments, etc. Also, our economy was so easy to navigate because, by the time I was 16, I could work one full-time job, at minimum wage, and still afford an apartment. People were given free health insurance, without having to pay into it, as part of their employment packages. Mass layoffs, high unemployment rates, and job scarcity wasn't a thing. If you needed money, you could get a job in hours. Not months. HOURS!"

Blake also shares that many in Gen X had a rough start with the epidemics of drugs, AIDS and high incarceration rates as the government attempted to crack down on drug users. According to Blake this left a lot of mothers as sole providers for their families which left little room for any at home financial education, which only later contributed the issues some face now. But Blake isn't without hope, while they admit if they had all of the answers they'd be retired, the Gen Xer says he follows specific social media accounts for financial advice.

"There are so many social media profiles that teach sincere financial awareness. One of my favorites is @Vivian "Your Rich BFF". She breaks down financial literacy in a way that is palatable for those of us, like me, who still understand very little. Plus for those of us who feel guilty and ashamed to finally put ourselves first, I would suggest looking into Dr. Raquel Martin Phd. She's been helping me, one podcast and TikTok post at a time, to allow myself some grace," Blake tells Upworthy.

While there jokes being made about not being able to retire, with Dawn Renee saying she will need to die and have her funeral during her lunch break because she can't afford to do it any other time, experts try to calm fears. They suggest that you can still retire by downsizing your home, tightening your budget to spend as little as possible, and retire gradually. Thrivenet reports that 30% of Americans plan to take the gradual retirement route while 5% of Americans don't plan to retire at all, pretty sure Gen X is most of that 5 percent.

No matter if you have $20 in savings or $200K, retirement is likely on your mind and Gen Xers are here to let you know that you're not alone if you plan to continue working for the rest of your life.