Tag: debt

Data & Research February 14th, 2023

High Inflation Takes a Toll on Employees’ Financial Well-Being

Inflation, which remains elevated as of Tuesday's CPI report, has led to increased stress, less financial preparedness and growing debt, according to EBRI.

Trends

Buy Now Pay Later

Even if plan participants can pay their items off in time, will they really pay later, after they’ve overspent and their retirement nest egg is too small?

July 26th, 2022

Could ‘Buy Now, Pay Later’ Trend Weaken Savers’ Financial Wellness?

Some ‘buy now, pay later’ services promise no interest or fees and no impact on a consumer’s credit score—but that is only if the user lives up to all the terms and conditions.

July 26th, 2022

Pandemic’s Wake Draws Emergency Savings Accounts Into Focus

The pandemic and its impact on the global workforce have underscored the importance of—and increased demand for—a backup plan for unexpected expenses.

July 26th, 2022

Emergency Savings Preparedness and Perceptions

According to EBRI, workers with household incomes of $75,000 or more are more than twice as likely to say they feel they can handle an emergency expense than those with household incomes of less than $35,000.

Data & Research January 12th, 2022

Millennial Home Ownership Crippled by Student Debt

Student debt has put those in the Millennial generation at a disadvantage when it comes to turning their education into wealth, particularly in the form of home ownership.

Products July 28th, 2021

A $500 Step Towards Financial Wellness

The nonprofit financial wellness provider SaverLife has teamed up with the KFC Foundation to meet the straightforward but ambitious goal of ensuring KFC workers can amass $500 in emergency savings.

Products March 7th, 2019

Colonial Life and FutureFuel Create Student Loan Repayment Solution

The firms say strong demand among employers and employees for student loan repayment support solutions made their new partnership “an easy decision.”

Client Service May 8th, 2018

Technology and Retail Clients Most Burdened by Student Debt

Data provided by CommonBond shows that workers in the technology and retail industries are most straddled with student loan debt; even workers in industries less impacted by student debt say they believe employers should help.

Client Service May 1st, 2018

Employers Likely to Ramp Up Student Loan Repayment Benefits

While not a traditional topic for retirement specialist advisers to speak about, experts agree that student loan repayment benefits are a powerful boon to financial wellness programming—and a topic that financial advisers should learn more about.

Data & Research March 19th, 2018

Older Families’ Debt Levels Have Increased Since 1998

Nearly 70% of families where the head of the household is 55 or older carry debt, EBRI found.