Investment Instruments

More than 8 in 10 people aged 18 to 29 say it is important to be perceived by others as financially responsible.

On the bright side, most retirees (79%) also say retirement is a time of freedom to pursue their passions/hobbies.

Access to such options as defined benefit pension income may mitigate future financial shocks, research finds.

Nor did they much use financial wellness tools offered by their recordkeeper, a report finds.

Over half (56%) of the employees surveyed say financial stress negatively affects their work, and concerns over the effects of inflation and recession are causing 61% to reduce contributions to workplace benefits.

As the cost of basic living necessities like housing, groceries, and health care continues to rise, the inability to meet monthly payment obligations is pushing more American families toward risky behaviors and taking a significant toll on their physical and mental wellbeing.