Gen X

The Gen X Savings Crisis: How Employers Can Help
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
According to a December 2023 survey from Schroder’s, nearly half of non-retired Gen Xers, those born between 1965 and 1980, have not done any retirement planning whatsoever. Moreover, they report a savings gap of over $450,000 between what they say they’ll need and what they project they’ll have. Amplifying these concerns, a separate study by  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 →
Financial Wellness Needs a Long and Short Game to Work for Both Participants and Organizations
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
In the retirement plan industry, all too often we tend to conflate financial wellness with retirement readiness… …whether that means confidence in obtaining retirement goals or being on track to reach post-employment financial targets. However, that limited view may fail to paint a complete picture for many participants. For example, the New York Life Wealth  Read More →

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