Retirement Trends

That is largely driven by the expanding presence of Gen Z workers in the full-time workforce.

Seventy-nine percent of respondents believe their generation will have a much harder time achieving financial security compared with their parents' generation.

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

<a href="https://www.linkedin.com/in/einat-steklov-099650/">Einat Steklov</a>, CEO &amp; co-founder of <a href="https://kashable.com/">Kashable</a>, a financial wellness company, believes employers need to address both immediate and long-term financial needs for their employees.

An interruption of benefits is likely within the next 90 days, former Commissioner Martin O'Malley says.

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