I'm a gen X'er and I *know* I won't have a pension. Even if I retire, the government or the pension providers will default on me - either through inflation, or just because the damn pension providers will flatly announce they just don't have anything left in their coffers. I know this because they've already done it to my dad, who was born in the silent generation. So it's nothing new, but it sure won't get no better.
So, I'm not putting any money in a system that'll shaft me and I'm not saving anything for old age - most likely I'll be working until I die anyway.
Gen X'er here too. I figure that I'll probably end up working until I die, even though I have a decent amount of money set aside in my 401k account. I have over 20 years until I reach normal retirement age (67), but I have absolutely no faith that Socialist Insecurity will be around when I get that old. I'm saving for my wife's sake, so she'll have enough when I'm gone. She also has a pretty good amount set aside in her 401k.