financial literacy

The Magic Number: Bridging the Divide Between Expectations and Reality
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A troubling trend has emerged in the retirement planning space: The “magic number” — or amount of money Americans believe they need to retire comfortably — has surged to an all-time high, even as actual retirement savings have declined. This growing disparity or “magic number gap,” highlights a significant and escalating challenge for both participants  Read More →
How Employers Can Help Close the Racial Retirement Wealth Gap
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Recent research conducted by Economist Impact highlights a significant discrepancy between white and Black workers’ retirement confidence. While half of white respondents feel confident about retiring by the federal retirement age, only 39% of Black survey takers share this sentiment. Older Black workers (ages 51-64) face even greater uncertainty, as they’re the least likely to  Read More →
Avoiding Social Media Pitfalls in Retirement Planning
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Americans are increasingly getting financial and retirement planning guidance from social media, risking exposure to misinformation, harmful advice, and outright scams. Alarmingly, this includes almost eight in 10 millennials and Gen Zers. Workers turning to these platforms can undercut the benefit of employer-sponsored financial wellness initiatives and put themselves at risk. But there are ways  Read More →

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