Financial stress affects most Americans, including most retirement plan participants. For six years, John Hancock has surveyed retirement plan participants to learn how their overall financial situations and retirement savings affect each other so we can come up with relevant solutions for both.
In this year’s survey, we find an increasing number of participants saying that their financial situation has gotten worse and their financial stress has increased. The change isn’t significant, but some of the underlying trends are. For example, we see student loan debt playing an outsized role in the savings behaviors of participants across age groups. And a general lack of financial knowledge becomes inaction when people don’t know how to move forward, whether it’s with budgeting or saving for retirement.
John Hancock is a premier U.S.-based financial services company, offering a broad range of solutions including life insurance, investment management, and retirement planning. Founded in 1862 and headquartered in Boston, the company serves millions of customers nationwide. As a subsidiary of Manulife Financial Corporation, one of the largest life insurers in the world, John Hancock combines global strength with local expertise. The company is committed to helping individuals and institutions achieve financial security and well-being through innovative products, personalized guidance, and technology-driven services. With a strong focus on health, longevity, and financial resilience, John Hancock continues to be a trusted partner in navigating life’s financial journey.