Gen Z, Millennials to Seek Employer Support for Retirement Savings in 2024
Despite dealing with the most debt of any current generation, Gen Z and Millennial workers value saving for retirement and...
Tag: debt
Employees Increasingly Concerned About Debt, Effects of Interest Rates
Mercer experts identified a variety of trends impacting defined contribution plans, including new types of lawsuits, high interest rates and...
Union Members Report Faring Better Financially, Yet Take More Loans
Loans and hardship withdrawals from a retirement savings account are more prevalent among Taft-Hartley plan members, with Gen Xers leading...
Women Still Less Likely Than Men to Feel Ready for Retirement
Generation X women are also the least likely to have a financial plan, according to a Northwestern Mutual study.
Older Participants Increasingly Carry Debt Into Retirement
Credit card debt and mortgage debt have become increasingly more common among Americans older than 65, according to the Center...
Benefits |
With Student Loan Payments Resuming, How Should Plan Sponsors Respond?
The three-year freeze on student loan payments ends August 29, and plan sponsors have an opportunity to help relieve employees’...
$12.1 Billion Eaton Vance Institutional Funds Change Leaders
The Eaton Vance co-head for emerging markets debt and a portfolio manager for 12.1 billion of fund assets will retire.
Satisfaction with Work-Life Balance Has Dropped
Across several key workplace metrics, worker satisfaction has declined, in 2022.
LGBTQ Workers Have Lower Retirement Confidence
The EBRI 2022 Retirement Confidence Survey also found LGBTQ Americans carry more debt than non-LGBTQ individuals.
Student Debt Derails Millennials’ Savings
A significant number of college-educated Millennials feel student debt has affected their ability to save for retirement and to buy...
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An Employer’s Foundation Gives Employees a Start on Emergency Savings
The KFC Foundation’s collaboration with a fintech provider uses technology, gamification and matching contributions to help KFC employees achieve at...
Putting a Price Tag on Workplace Financial Stress
According to John Hancock’s research, debt is one of the most significant indicators for financial stress, and most people are...
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Empower Pairs with CommonBond on Student Debt Solution
Empower Retirement says its new student loan repayment solution can help individuals take action to achieve better financial security through...
SURVEY SAYS: Paying Down Debt or Saving for Retirement?
There are arguments on both sides regarding whether paying down debt should be priority over saving for retirement or vice...
Benefits |
Will Student Debt Repayment Support Become Table Stakes?
Student debt hurts the financial well-being of an overwhelming portion of respondents to a new survey—with the scourge of student...
Near-Retirees and New Retirees Have Higher Debt Than Older Generations
EBRI says more families are placing themselves at risk of running short of money in retirement due to their increased...
Gen X Set to Repeat Baby Boomers’ Retirement Savings Mistakes
More Gen Xers say they regret spending and accumulating debt than previous generations, a survey found.
Millennials Facing Financial Struggles, Fear of Investing
Although 58% of Millennials surveyed said they are saving enough for retirement, 46% say they have significant debt, and 53%...