Retirement

If only 10 percent of the roughly 600,000 employers that currently offer workplace retirement plans suspended or reduced their contributions, the long-term impact would be huge.

J.P. Morgan Asset Management surveyed owners of businesses with between five and 50 employees and annual revenues ranging from $50,000 to $20 million about their 401(k)s.

And one in four respondents say their finances have worsened over the past six months, according to a new Willis Towers Watson survey.

An emergency measure to increase the 2021 COLA from 1.3% could be included in a spending bill that must pass this month.

An increase in certain bad financial habits – likely brought on by the pandemic – could be one reason why Americans are feeling more stressed this year.

Actions employers can take now to understand the long-term impact of 2020 events on employees' retirement readiness and financial security.