- 2021’s States With The Highest & Lowest Credit Card Debt
How deep are we?
With Americans having started 2021 off with nearly $900 billion in credit-card debt, the personal-finance website WalletHub today released its report on the States with the Highest & Lowest Credit Card Debts, as well as accompanying videos and expert commentary.
read more - Generational Divide In Post-Pandemic Financial Confidence
Millennials express more confidence in their long-term financial futures than their Gen X counterparts, though concerns about post-pandemic budgets linger
The latest New York Life Wealth Watch survey revealed how Millennials are most concerned about post-pandemic budgets, but they express high levels of confidence in their long-term financial futures and retirement preparation. Gen Xers, conversely, are more confident about their short-term budgets but more uncertain about their financial futures.
read more - Plan Sponsors Increasingly Focused On Ways To Support Employees
Plan sponsors continue to focus on improving participant outcomes with 88% making changes to their investment menus and 82% making changes to their plan designs in the past two years
Fidelity Investments®, one of the industry’s most diversified and largest financial services companies, today announced the results of the 12th edition of its Plan Sponsor Attitudes Study, which revealed that in the midst of the COVID-19 pandemic, there was a heightened demand for advisor guidance and expertise as workplace retirement plan sponsors became increasingly focused…
read more - Generational Views Of Retirement In The U.S.
Different generations face different retirement challenges
The ongoing COVID-19 pandemic has presented extraordinary health and economic challenges across the globe, triggering yet another deep economic crisis. While the availability of several vaccines in late 2020 has begun to alleviate health and economic issues, the economic fallout from the pandemic may create substantial uncertainty about financing retirement that could trigger Americans to…
read more - Millennials & Gen X Increasingly Concerned About Retirement In Wake of Pandemic
Strong support across generations for pensions and Social Security
A national survey finds that Millennials and Generation X are more worried about retirement as compared to older generations. Sixty-four percent of Millennials and 54 percent of Generation X are more concerned about their retirement security in the wake of the COVID-19 pandemic. The level of concern is at 42 percent for Baby Boomers and…
read more - 2021 Pandemic Grads Are Optimistic About Their Financial Futures Despite Challenging Year
Social and financial setbacks left their mark, but an Experian national survey reveals many young adults are looking forward to their post-grad lives
Social and financial setbacks left their mark, but an Experian national survey reveals many young adults are looking forward to their post-grad lives A new survey from Experian reveal that while some young adults struggled with financial stressors during the past year, many surveyed believe lessons learned during the pandemic will help them in the…
read more - Touchstone Investments Completes Purchase Of Select AIG Funds
Touchstone expands mutual fund lineup, adds $6.8 billion
Touchstone Investments, a wholly owned subsidiary of Western & Southern Financial Group, completed its acquisition of select assets of AIG Life & Retirement's Retail Mutual Funds business on July 16.
read more - Beginning Your Happily Ever After On The Right Financial Footing
Understanding the importance of communication on financial matters between partners
With so many couples finally getting married this summer after a long year of pandemic proposals and postponed weddings, Fidelity Investments®, a leading lifetime financial planning company, has an important reminder: after the wait, it’s important to begin forever on the right financial footing.
read more - Capturing Control Of Your Retirement Planning
Plan participants reach out for help with investments, contributions, and post-retirement income
J.P. Morgan Asset Management today released findings from its sixth research study of plan participants, revealing that while nearly four in five respondents did not change their contributions or investments during COVID-19, more than half feel like they're overloaded with information and don't know where to start planning for retirement.
read more - Care Crisis Looming
Considering the future of the caregiving workforce
Mounting pressures of skyrocketing aging populations, severe barriers to building an expanded caregiving workforce to meet demand and the inability of older generations to rely entirely on family support are all contributing to the crisis of care, a new global report highlights.
read more - Pandemic’s Impact & Trends In DC Plan Management, Financial Wellness, & HSAs
Plan governance and process ranks as top area of focus by a notable margin
Callan, a leading institutional investment consulting firm, announced the results of its 2021 Defined Contribution (DC) Survey. Now in its 14th year, the DC survey offers actionable insights for defined contribution plan sponsors.
read more - Gold Medal Strategy: Does Your Financial Fitness Put You on the Podium?
Having a clear picture of your financial wellness is the first step towards planning for your tomorrow
When it comes to financial fitness, careful training and preparation may not get your face on the front of a cereal box, but it could score you a gold medal in savings
read more - 84% Of Workers Say Auto-Enrollment Key To Saving Earlier For Retirement, But Only One-Third Of Employers Provide The Feature
Listing retirement planning as their top financial priority, workers feel they need to set aside at least 10% of their paychecks and increase financial literacy to be prepared for retirement
The vast majority (84%) of workers that were automatically enrolled in their workplace retirement plan say they started to save for retirement sooner than if they had to take action to make the enrollment decision on their own.
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