Gen Z’s cash cushion shrinks after US summer of splurge
Student loans and inflation are hitting younger adults especially hard.
Wealth management
Benefits Think Rethinking long-term parental benefits and well-being
There's more than one path to parenthood, and when employers recognize this, everyone benefits
Jessica Ruggles
New York Life
Inflation has crushed retirement dreams for a third of all workers
Employees have serious doubts they'll have a typical retirement, with many planning to keep working well beyond retirement age.
Half of working-age Americans struggle to afford medical care
Economic challenges and increased healthcare costs are forcing even those with insurance to delay treatment.
Wages are expected to increase by 4% in 2024. Is it enough?
David Turetsky, VP of consulting for Salary.com, breaks down what wages will look like in the new year.
Video Investing in women CEOs with Patricia Lizarraga of Hypatia Capital
The founder of an ETF that tracks all American public companies with female CEOs sits down with American Banker Editor-in-Chief Chana Schoenberger to discuss why it matters if a company has a woman as CEO.
US retirees will get 3.2% social security boost next year, smallest gain since 2021
Last year's cost of living adjustment was the largest in more than three decades.
Benefits Think 3 things employers can do to support working parents
Engage in a dialogue about what benefits are most important, implement family focused offerings and adopt policies that will have a financial impact.
Matt Wolf
Greenlight
Benefits Think How the Family Farm model helps create a culture of financial well-being
The teamwork and supportive structure benefits employees and businesses alike.
Charles Lattimer
Finfit
As student loan payments resume, Biden cancels $9 billion in debt
The move will lift the financial burden on borrowers and help the economy, he says.
Benefits Think Greater employee engagement helps fuel financial preparedness
Employers who prioritize understanding of benefits see an increase in productivity and overall well-being.
Wayne Park
John Hancock
Employee financial wellness is at an all-time low, Bank of America finds
Employees are still struggling with their financial obligations, and less than half feel good about their financial situation.
Student debt thwarts Americans saving for retirement
New research shows just how big an obstacle student debt has become to Americans' nest eggs.
Don’t expect the same raise you got last year
Merit raises will average about 3.7% across all industries next year, down from 3.9% this year, according to Aon.
Student loan payments are due. Can employees catch up?
In the absence of federal relief, employees will turn to employers for support paying down debt. Here are the available options.
eBook Stress to success: Why financial wellness is the next frontier in employee benefits
Find out what employees aren't telling their employers about their expectations around financial wellness support in the workplace.
Prudential’s president of group insurance is focused on helping all employees be financially successful
Yanela Frias has devoted her career to help employees from all walks of life obtain financial security.
How to avoid a ‘financial vortex’ in retirement, according to Goldman Sachs
Seventy percent of employees say financial challenges like debt and caregiving impact their ability to save long-term.
Mindy Zatto is helping employers build the right retirement plan
Mindy Zatto, founding principal of Strategic Benefits Advisors, is on a mission to simplify and demystify retirement plans.
Student loan payments are starting up: Here’s a look at Biden’s SAVE plan
Dan Macklin, president of Summer, explains how employers and employees can tackle their student loans next month.
