Despite record numbers of Americans now holding retirement accounts, less than a third of savers say that those savings are on track. To make matters worse, almost half of households tapped their nest egg this year to cover household costs that have increased from inflation. For large swaths of the American population, a secure, well-funded retirement is an increasingly challenging goal — underscoring a critical vulnerability in our nation’s financial health.
This isn’t just a personal problem: it’s affecting companies, too. The stress of financial insecurity can impact job satisfaction, workplace morale and productivity. Ensuring that employees have robust financial plans that allow savers to let their retirement funds flourish is an increasingly important concern for companies.
