Americans with ten years to go before reaching retirement age are “critically underprepared,” according to Prudential Financial’s 2024 Pulse of the American Retiree Survey.

Fifty-five-year-olds have less than $50,000 in median retirement savings — far less than the recommendation to have saved eight times a person’s annual salary by that age.

“The financial futures of certain cohorts — such as women — are especially precarious,” Presidential U.S. Businesses CEO Caroline Feeney said in a statement Monday.

Women have about a third as much saved for retirement as men, the survey found. They are also almost three times more likely to delay retirement because of caregiving duties.

About two-thirds of surveyed 55-year-olds (67%) said they feared outliving their savings compared with 59% of 65-year-olds and 52% of 75-year-olds.

About a quarter (24%) of 55-year-olds think they will need financial support from their families when they retire — twice as many as 65- and 75-year-olds. Twenty-one percent expect they will also need housing support. Half of those who anticipate needing help in retirement have yet to discuss it with their families.

Gen Xers aged 55 are significantly less financially secure than older generations. According to Prudential, they are the first modern generation to approach retirement without defined benefit pensions common with older retirees or to receive full social security benefits.

In May, a new report from the Trustees of the Social Security and Medicare Trust Funds found that Social Security will be able to pay 100% of total scheduled benefits through 2033, after which it will only be able to pay 79% of planned benefits.