Author Archives: Nancy Anderson

Latest Behavioral Change Report

Summary of results compiled from 3576 workshops conducted between January 1, 2007 and December 31, 2012 from surveys given to participants 30 days after the workshops to measure what changes they have made since. Findings: 88% of participants who answered this [Read more...]

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Trends in Employee Financial Issues: Year in Review 2011

Despite continued economic uncertainty, stock market volatility, and the recent downgrade of the U.S. credit rating, employees are still positioning themselves for their personal financial recovery and it is showing as financial stress levels continue to trend downward. Employees continued [Read more...]

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US Workers Delay Retirement

U.S. workers have been working longer and retiring later since the mid-1990s, but the Great Recession has put even greater pressure on workers to stay on the job. Yet, increases in delayed retirement are not uniform across regions, industries, or [Read more...]

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Employee Perspective on Heathcare – Employee Engagement

With the economy still unstable, many employees face the strain of job insecurities, rising benefit costs and resulting financial troubles. With so many competing pressures, it’s not surprising many workers are failing to place a high priority on managing their [Read more...]

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Financial Finesse: Trends in Employee Financial Issues Q3 2011

The message is loud and clear: employees need to take responsibility for their own retirement security. Last quarter, employees responded to this message by asking one out of every three questions on retirement planning. This was a sizeable increase over [Read more...]

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Impact of Low Financial Wellness on the Employee

Low levels of financial wellness have harmful impacts on employees. American employees are experiencing increasing amounts of stress associated with financial well-being. Worse yet, in order to cope with the stress, many employees report engaging in behaviors that will make [Read more...]

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Accelerating Health Care Costs Wiping Out Much of Americans’ Income Gains

Fast-rising health care costs have eaten nearly all the income gains made by a median-income American family of four over the past decade, leaving them with just $95 per month in extra income, after accounting for taxes and price increases, [Read more...]

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Employee Financial Stress is Costing Your Company a Bundle

There is a silent epidemic that afflicts 30 million workers in the US—a quarter of the American workforce—and is costing businesses $15,000 per year per affected employee. Over 25 years ago, it was reported that an employee’s personal finance problems [Read more...]

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The Effect of Providing Peer Information on Retirement Savings Decisions

The Financial Literacy Center conducted a field experiment to evaluate the effect of receiving information about the retirement savings decisions of one’s peers. Non-participants and low savers in one firm’s 401(k) plan received letters enabling them to enroll or increase [Read more...]

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Will you need 135% of your income in retirement?

It is the mother of unanswerable questions in the world of retirement planning. How much of your current salary will you need after you retire? The replacement ratio rule of thumb suggests you might need 75% – 80% of your [Read more...]

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