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September 11th, 2018 |
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Employees Not Realizing the Importance of Debt Control in Retirement PlanningIn a special report analyzing data from its 2017 and 2018 Retirement Confidence Surveys, the Employee Benefit Research Institute (EBRI) found 30% of workers overall reported worrying about finances at work. Debt was correlated with worrying; nearly three-quarters (71%) of those who said debt was a major problem worried about finances at work. Despite the correlation between debt and worrying about finances, although a majority of workers thought workplace financial well-being programs would be either very or somewhat helpful in better preparing or saving for retirement, fewer than half of workers thought debt counseling or budgeting help would be helpful in preparing for retirement.Read more > |
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