Gen X has automated retirement savings but still struggles to build emergency funds

AI-assisted source summary · not independently verified. Content standards

The PYMNTS Intelligence report shows that Gen X consumers have automated retirement savings, but emergency savings are still largely built manually, with 56% relying solely on manual methods. Among those saving for retirement or long-term goals, 41% use only automated methods, while 38% of Gen X have no more than $1,000 in readily accessible savings, and 18% have none at all. Banks, credit unions and payment institutions can help consumers gradually build emergency funds through methods such as payday automatic transfers and split direct deposits.