As the cost of living continues to rise, many employees worry about how much is needed to be financially secure during retirement. Many factors affect how much a person needs to save, including lifestyle and location. Experts claim that the average American couple needs around $315,000 for healthcare expenses alone …
A new study through Vanguard, an investment firm, found that Americans of all ages increased their participation in workplace retirement plans over the past twenty years. Notably, in 2021, 62% of Gen Z workers were actively saving by utilizing a 401(k), in comparison to 30% in 2006. While Gen Z, …
Around 77% of American households have debt, and the average individual has around $58,600 in debt. In the workplace, 9 out of 10 employees are worried about finances, with 75% stating financial concerns negatively affect their productivity. Fortunately, employers can alleviate some of this strain by boosting their financial wellness …
Employees consider benefits to be a deciding factor when job hunting. With the effects of the pandemic, offering benefits that provide a sense of financial and emotional security is imperative for employers looking to retain and attract talent. In 2023, consider the following benefits and perks that will meet employees’ …
While more Americans, about 9 million, are working later in life, retirement is still an inevitable stage in many workers’ lives. To some, the concept of retirement is daunting, ending the steady source of income. They are plagued with doubts like, “What if I outlast my savings?” Financially burdened by …
