What are the top retirement insights that consumers need to know?

Published 2 Min Read

The Federal Reserve’s September rate cut brought a tinge of optimism to the retirement landscape as inflation figures began to fall. But with younger generations of talent shifting from Social Security to personal retirement accounts, many are left wondering what sets apart a good plan from a bad one.

Goldman Sachs’ 2024 Retirement Survey & Insights Report released last month found that out of 4,874 respondents polled, 36% said they were confident that their plan would allow them to achieve their retirement benchmarks when compared to the 10% without plans that felt the same.

If employers are going to invest in new benefits, they should know which ones will best meet the needs of the different demographics in their workforce. 

The Bureau of Labor and Statistics reports that the annual cost of benefits per employee is $23,696 in the private sector and $26,226 for civilian workers, and 78% of employees said benefits packages are a reason they are more likely to stay with an employer. Essentially, every benefit counts, so it’s good to have a handle on what employees of different ages and life stages want. 

Frank Gargano
Data Reporter

Frank Gargano is a Queens-based data reporter for Arizent.


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