When it comes to fiscal responsibility, members of Generation X have a bad reputation. Credit movies like Reality Bites, TV shows like Sex and the City and statistical gems like the recent survey from Oppenheimer Funds in which most Gen X women said they'll accumulate 30 pairs of shoes before they rack up $30,000 for retirement. But some newer research has emerged to show that Gen Xers--the 46 million Americans born between 1965 and 1977--don't deserve their slacker image.
In the first place, while they don't save enough for a future that will offer far fewer fixed-benefit pensions, most Gen...