While retirement planning is becoming a priority for financially aware Americans, most of the working population still lacks the know-how to make the right investments.
Although improving awareness about retirement savings and investments is important in schools, part of the responsibility is passing to employers as well.
Employers are increasingly becoming aware of the need to help workers save for a secure retirement by providing financial education or advice at the workplace. This doesn’t only benefit employees, but also the companies themselves.
|Why do employers need to bother?
A lack of financial literacy can cause employees to delay their retirement simply because they lack sufficient funds to keep them secure.
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