Study Says Lower-Income Gen Xers, Baby Boomers Will Run Out Of Money In Retirement Recent research shows that baby boomers and Generation Xers who are in the lower-income brackets are more likely to fall short of their retirement goals, which will leave them lacking enough money to live on. Researchers at Northwestern Mutual Planning & Progress found that some people may run out of funds within their first year of retiring and that 22% of Americans have less than $5,000 saved for retirement. While households in the lowest income brackets are most severely affected, even some people who fall in…