A new study by Bankrate.com found that only 24 percent of Americans have a six-month emergency savings cushion, while another 24 percent have no emergency savings whatsoever.
By Heather Trese |
Updated on June 20, 2011
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
A new study by Bankrate.com found that only 24 percent of Americans have a six-month emergency savings cushion, while another 24 percent have no emergency savings whatsoever.
Coupled with the fact that 6.2 million Americans have been out of work for six months or longer, the lack of savings is espcially worrisome.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.
Retirement plans were a hot button issue for union workers, who wanted Boeing to bring back their lost pension plans, however, Boeing said they were “prohibitively expensive.”
This discussion guide is designed to help benefits advisors quickly understand current and potential clients’ requirements to build the perfect, tailored pharmacy benefits solution.
Mistakes happen in retirement plan administration, but they can cost you time, money, and trust. This guide will help identify and resolve 401(k) errors quickly to save significant costs and maintain compliance.