Research

With federal student loan payments set to resume starting next week, more than one in five borrowers expect to reduce savings overall (29%), for emergencies (29%) and retirement (22%), according to a new poll.

There is a renewed focus on nonqualified retirement plans, which are not subject to ERISA rules and can include deferred-compensation plans, executive bonus plans and split-dollar life insurance plans, says a WTW report.

Retirement savings for Gen X is highly concentrated among top earners, however, the SECURE 2.0 provision for part-timers, which takes effect in 2024, could represent "meaningful change" for these workers, says a new report.

Since 63% of employees would be unable to cover a $500 emergency, employer-sponsored emergency savings accounts are now the number one benefit that employers need to offer, recommends a new study.

Employers have a significant role to play in providing the necessary tools, resources, and education to navigate these financial pressures, ultimately improving decision-making in both areas of health and wealth, says a new survey.

While Congress moves closer to pharmacy benefit manager reform with new legislation pending, "achieving large reductions in prescription drug costs" will require a different approach, says the Brookings Institution.

From 2017 through 2021, most non-retirees expected a comfortable retirement, but during the Great Recession and in the past two years amid high inflation, less than 50% of non-retirees have been optimistic, says a Gallup poll.

When it comes to 401(k) knowledge, there are varying levels of understanding across the generations: Just 60% of Gen Z knows what a 401(k) is, whereas 72% of millennials, 82% of Gen X, and 95% of boomers do, says a new study.