Experts say gig workers have little access to workplace retirement savings plans and the opinion letter will only discourage employers from offering them such plans, but they do have other options that advisers can educate them about.
Overall, gig workers report more difficulty with nearly all financial tasks, a Hearts & Wallets survey found.
Although only 56% of independent workers are actively saving for retirement, they are just as likely as traditional workers to feel they are financially prepared for retirement, a T. Rowe Price survey found.
Prudential says today’s financial wellness challenges may lead to tomorrow’s retirement shortfalls.