December 12, 2016

Trendspotting Charts

Insights into plan participant trends.

Reported by PLANADVISER Staff

Unhappy with their financial situation

Anxious about their financial security

Source: 2016 Northwestern Mutual Planning and Progress Study

When children move out, on their own, their parents increase their retirement savings by only 0.3% to 0.7%.

Source: Center for Retirement Research at Boston College, “Do Households Save More When the Kids Leave Home?”

66%

… say apps are important
for managing their
retirement savings

59%

54%

… use apps to figure out
when they can afford
to retire

Source: Willis Towers Watson, 2015/2016 Global Benefits Attitudes Survey

Advisers that have taken some action to prepare for the new Department of Labor fiduciary rule54%

Advisers that think the new rule will positively impact their business.29%

Source: Fidelity Fiduciary Rule Impact Study

… fear markets
will become more
volatile

… fear long-term
retirement savings
and investment
portfolio will be
affected

… fear a negative
effect on their
savings

Source: Edward Jones, survey of 1,011 American adults in October