coins spilling from jar and word student debt (Photo: Shutterstock)

A significant percentage of workers contributing toward a 401(k)-plan report having significant debt and other impediments to retirement saving, but there are elements of the new SECURE 2.0 legislation that could help improve the financial wellness of those workers, a new report has found.

The study from T. Rowe Price said that the primary sources of financial stress for workers            include the lack of emergency savings and student loan debt. It outlined how SECURE 2.0 could address some of those issues. The survey included close to 4,000 workers with 401(k) plans and was conducted in the summer of 2022.

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