Retirement

Gen X is the most negative about their retirement outlook.

Generation X leads the nation in saving money, demonstrating a clear inverse relationship between age and essential expenses ratio.

Among the ripple effects is the potential for an overhaul of the federal student loan system for borrowers; the department oversees federal loans held by roughly 43 million Americans — or about 1 in 6 US adults.

Employers must rethink their retirement benefits and adopt science-backed approaches that drive meaningful impact. Here are four key strategies to consider:

The average 401(k) retirement balance was $131,700 as of the fourth quarter of 2024.

Many plan sponsors believe personalized advice and guidance will improve retirement outcomes and see managed accounts as the next step in the evolution of “one portfolio for all perspectives,” according to PGIM’s Defined Contribution survey.