Retirement Trends

Nor did they much use financial wellness tools offered by their recordkeeper, a report finds.

Over half (56%) of the employees surveyed say financial stress negatively affects their work, and concerns over the effects of inflation and recession are causing 61% to reduce contributions to workplace benefits.

As the cost of basic living necessities like housing, groceries, and health care continues to rise, the inability to meet monthly payment obligations is pushing more American families toward risky behaviors and taking a significant toll on their physical and mental wellbeing.

Considerations in transitioning to civilian life include economic environment, quality of life and health care, WalletHub reports.

A bipartisan group of House members has reintroduced the Retirement Investment in Small Employers (RISE) Act.

OpenAI is partnering with Plaid Inc. to give consumers using ChatGPT personalized financial advice based on data they share with the tech companies.