These monthly checks will rise significantly over the remainder of the decade but the rising cost of living could still cripple retirees, according to new research.
72% of these adults (11.5 million people) will have less than $65,000 in income and assets, which is the average amount needed to pay for private assisted living and medical care.
For a financial wellness offering to be effective, it must help the youngest employee starting out who may only want digital tools to the more tenured worker who seeks complex counseling or financial planning.