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.
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.”
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.
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.
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.