When it comes to retirement savings, Gen Xers lag behind their older (and younger) counterparts due to changes in the broader U.S. retirement system over the past few decades, namely the decline of pensions and the rise of defined contribution (DC) plans, like 401(k)s. "While many Baby Boomers have defined benefit pension plans that provide a set income for life, Gen Xers entered the workforce as pensions were being replaced by DC plans and before key features like auto-enroll and auto-escalate became commo ...