Retirement Trends

That score plunged to 72% for millennials, who have decreasing savings rates and a more cautious and conservative approach to investing, according to Fidelity.

The move by many states, like Oregon and California, to require auto-IRA retirement plans for private-sector workers has not discouraged employers from sponsoring their own retirement plan benefits, a Pew study has found.

The U.S. defined contribution system relies on new employers to create, on average, 44,000 plans per year to compensate for the more than 377,000 plans that closed from 2012 to 2021, according to a Morningstar report.

Following the collapse of First Republic Bank earlier this week, the Federal Reserve is expected to deliver its 10th - and final - rate hike for a while today, bringing the rate to a range of 5% to 5.25%, the highest since 2007.

Promoting financial wellness is essential for employees of all ages, but especially for Gen Zers, who are on track to become the most economically influential generation - and mobile learning tools can help.

Most Gen Xers (80%) wish they started saving earlier for retirement, while 67% started saving after age 30 and even more (20%) have never saved for retirement, according to a new survey.