financial wellness

The Retirement Savings Glass Is Only Half Full For Women
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
According to recent data from the National Council on Aging and the Women’s Institute for a Secure Retirement, nearly half of women ages 25 and older lack access to a tax-advantaged, employer-sponsored retirement plan. Digging Deeper into the Data The top reported financial concerns among women, alongside insufficient retirement savings, include housing costs, Social Security,  Read More →
Empowering Gen Z: Setting Your Youngest Participants Up for Success
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Understandably, companies typically devote considerable attention to assisting participants nearing retirement. But the outsized value of early contributions to retirement readiness means employers should also focus on getting their youngest workers enrolled — and contributing — to their workplace retirement plan as soon as possible. So, what do we actually know about Gen Zers’ attitudes  Read More →
Employees Want Financial Planning Support – And Aren’t Afraid to Ask For It
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Financial stressors including stubbornly high inflation and historic levels of credit card debt continue to impact workers across a wide range of income brackets. Twenty-eight percent of full-time employees often or always run out of money between paychecks, as do 15% of those who earn $100,000 or more per year, according to PwC’s 2023 Employee  Read More →

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