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When they leave the workforce, Generation X may be in a similar, not worse, retirement situation than baby boomers given their access to automatic enrollment in defined contribution plans and the growth of their future plan contributions, according to the Employee Benefit Research Institute.
Every single year we run this we find that the Gen Xers are going to be in as good as shape as the [baby] boomers when it comes to retirement, explains Jack L. VanDerhei, Ph.D., research director at EBRI.
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U.S. workers say retirement is getting harder to afford, raising questions about how organizations can help workers save, understand their benefits, and plan ahead.
Engaging communication strategies will be key to getting employees interested in evaluating benefit options and making more informed decisions.
Despite tepid interest, small businesses — and their advisers — stand to benefit from adding pooled employer plans.
Emphasizing the importance of 401(k) savings preservation will help more employees achieve the American Dream and improve their lives before and after retirement.
Emphasizing the importance of 401(k) savings preservation will help more employees achieve the American Dream and improve their lives before and after retirement.
