Many firms are starting to offer financial wellness programs to reduce employees’ financial stress and help them save for retirement, says James Mahaney.…Read More
What’s Behind the Growth of Financial Wellness Programs
debt
Seniors Deal with the Harsh Reality of Debt
40% of older Americans dealing with debt, rising housing costs, student loans, and medical expenses, explains Wharton’s Olivia S. Mitchell to Chris Taylor of Reuters. Delaying retirement can help.…Read More
Generational Differences and Debt
Older Americans are carrying growing levels of debt into retirement. This topic was the main focus of the 2019 Pension Research Council symposium, and debt was also studied in a recent Society of Actuaries (SOA) study entitled “Financial Perspectives on Aging and Retirement Across the Generations.” Both efforts provide important insights into what people say about financial priorities and debt across generations, and both confirm that debt is important in retirement planning. …Read More