holistic financial wellness

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 →
Surging Credit Card Debt: Strategies for Employers to Help Bolster Retirement Readiness
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
With U.S. credit card debt recently soaring to a record high of $1.08 trillion, employers face a pivotal moment. This staggering amount, a $48 billion escalation since the second quarter and a $154 billion increase year-over-year, is a cautionary signal for Americans’ financial stability. The compounding pressures of post-pandemic recovery and inflation have pushed household  Read More →
Are You Hearing About Financial Wellness?
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Employers have heard a lot about financial wellness. However, employers don’t always recognize the connection between financial wellness and improved retirement savings behavior as well as a more productive workforce overall. All employees, no matter what generation they belong to, want to work in a friendly environment where they don’t have to stress about their  Read More →

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