Single people are saving less and more worried about being secure in retirement than their married counterparts, a survey finds.
Data and Research
Employees say they use company stock acquired through their ESPP to help pay down debt, add to their retirement savings, finance real estate or home improvement projects, or simply set aside for a rainy day.
Recent retirees paint a different picture of life in retirement than some pre-retirees expect.
PwC says there is a great need for financial wellness programs, as 53% of employees feel financially stressed, and this costs employers with 10,000 workers $3.3 million a year in lost productivity.
Parents are especially at risk when they maintain a heightened level of spending after children leave the nest, the CRR finds.
Maximizing ROI starts with knowing employee demographics and how employees think and feel about money, Ernst & Young says.
In addition to saving more and working later, researchers from State Street Global Advisors suggest policy changes that could improve retirement readiness for younger workers and late savers.
Several individuals lack knowledge about the most common investment products used to diversify retirement portfolios, the IALC finds.
A significant number of Americans underestimate how much they are likely to spend on health care in retirement, according to a recent Financial Engines survey.
Forty-four percent of middle-income women say they cannot afford to save for retirement, compared to 14% of men.
Since the beginning of 2016, 17 firms within the Retirement Plan Monitor coverage set have introduced new retirement readiness resources to participant sites—and 12 of those firms have done so in this year alone.
A new study suggests that without a universal supplement to Social Security, many of the 24 million workers ages 55 to 64 will face declining living standards or poverty in just 10 years.
The Investment Company Institute has issued a report, “Ten Important Facts About 401(k) Plans.”
Only 16% of Gig Only workers have assets in an employer-sponsored retirement plan, a survey from Prudential Financial finds.
The Millennial generation also wants to make a social impact with their investments, a survey from Capital Group found.
Fidelity reports that a record number of plan sponsors are actively looking to switch their plan advisers.