Data & Research

Very few believe the economy has fully recovered, and many say their savings and salaries are lower than before the Great Recession.

Most are confident the economy will improve this year, but the majority would like more help with long-term financial planning.

Twenty percent of those with a net worth of $5 million or more worry they will have enough money to last them in retirement.

A survey found that 38% of Americans know nothing about compounding.

Although more people are enrolling HSAs today, misconceptions still hold back many from making the most out of these accounts.

 

Working with a financial adviser increases confidence, an IRI survey found.

But older generations expect a different experience in retirement for Millennials. 

Nearly one-third of those 60 and older are planning to stay in the workforce until age 70.

According to a report by the NEBR, women are punished more severely than men for misconduct and they are also less likely to find new employment. 

Among those already engaged with their finances and financial services professionals, retirement planning remains a hot topic—but investors broadly feel confused and concerned. 

People of all age groups on average estimated losing $30,000 or more throughout their lifetime due to their lack of financial knowledge, a new survey finds.

Most Americans have never hired a financial planner and most say they don’t have enough money or assets to warrant working with one.

Luke Vandermillen, from Principal, suggests employees would be well-served by seeking help from advisers in setting up a reliable retirement strategy.

This was followed by $835 billion in hybrid funds, which include target-date funds, ICI found.

Seventy-eight percent think they will be comfortable in retirement, up from 69% in 2014.

However, Financial Finesse found repeat usage of employer financial wellness programs and running retirement projections incrementally improves retirement preparedness.

Americans say they feel more comfortable with the savings they have now compared to the year before, however, a Bankrate survey finds they're not doing a better job...

Forty-five percent of workers are not too or not at all confident they will have enough money for medical expenses in retirement, and nearly three in five workers...

Sixty percent of employees expressed at least some confidence in retirement, but their planning efforts and savings balances do not support this confidence level.

The generosity and functionality of a retirement plan tends to vary quite a lot according to the type of employer and industry.