Browsing Tag
401(k) Financial Wellness
857 posts
401(k) financial wellness, in the context of a 401(k), means having the confidence and security of knowing your finances are in good shape and you’re on track for your long-term financial goals, including retirement. This involves managing your money well, being prepared for unexpected expenses, and having a plan for the future.
Workers and Retirees Report First Dip in Retirement Confidence Since 2008 Recession: EBRI
Confidence in retirement savings fell from 73% in 2022 to 64% in 2023 among workers, and from 77% to 73% among retirees
Black and Latino Employees Experience Lower Levels of Financial Confidence: Voya
The new survey by Voya examines financial confidence among Black, Latino, Asian and white employees
80% of Older Americans Cannot Afford a Financial Emergency
New findings from the National Council on Aging found Americans aged 60 and up cannot afford to pay for a financial emergency like long-term care
More than Half of Americans Refuse to Talk About Finances
Empower’s latest “Money Talks” study surveys American workers on open conversations surrounding money and financial wellness
Financial Confidence Remains Low Despite Smaller Recession Fears
While four in 10 say the U.S. is in a financial crisis, just 36% believe their finances could endure a recession, finds Nationwide
Inflation Causing Participants to Struggle with Finances, Mental Health
Nearly 4 in 10 in John Hancock Retirement financial stress survey think they’ll have to retire later than planned—a significant rise from a year ago
Plan Participants Want ESG Investments: Natixis
Close to three quarters of survey respondents said they would engage with their workplace retirement plan if their employer offered investments in companies with good ESG practices
Employers Can Lessen Workforce Stress and Strains: Mercer
While close to half of the global workforce reports feeling stressed, almost 70% believe their employer would support them when needed, finds Mercer
Americans Are Increasingly Worried Over Healthcare Costs
As more U.S. workers list healthcare costs as a top concern, Fidelity finds a higher number of workers with HDHPs are opening HSAs
Gig Workers Rely on Personal Savings to Fund Retirement
77% of the gig workers surveyed said they would fund retirement income with their personal savings