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Monitoring improvements in employees’ financial lives effectively gauges the success of employer financial wellness programs. Reported by Employers have been increasingly interested in offering financial well-being programs to employees over the years, and the COVID-19 pandemic has accelerated this interest. Nearly half (49%) of plan sponsors added financial well-being tools or services to their benefit offerings last year and 17% plan to add them in 2021, according to Alight’s “Hot Topics in Retirement and Financial Wellbeing 2021” report. “Employers are saying, ‘We understand fi...

Young Americans say pandemic could cause delay in retirement and last updated 2020-12-10 10:25:50-05 In a survey of 1,250 Americans who have a full-time job, 51% of millennials and 60% of those in Gen Z, say that the pandemic could cause them to delay their retirement. The survey was commissioned by Millennials also were more likely to modify their retirement plan due to the pandemic. But older age groups were much more likely to adjust their reoccurring expenses and to withdraw from an emergency fund. "Now more than ever employees are reliant on their employers to provide them with the prop...