Retirement Trends

Against this retirement planning backdrop, however, employees are saving less for retirement, with the average amount now saved at $88,400 - a decrease of $10,000 from 2021, according to a Northwestern Mutual study.

Women report feeling knowledgeable about day-to-day finances such as paying bills and saving for emergencies, but less confident about building wealth and creating investment portfolios, a New York Life Wealth Watch survey found.

The coming "baby boomer" retirement collapse – when more Americans will turn 65 than at any point in U.S. history – will find companies having to overcome the catastrophic loss of a generation's years of knowledge and experience.

The financial stress your employees bring to the office has an impact on their effectiveness, but supporting them in their retirement planning can help improve their peace of mind and, subsequently, your company's overall success.

There are dramatic differences when it comes to average account balances, participation rates and other metrics.

Tough markets in 2022 caused average balances to fall across industries, but some sectors managed to outperform significantly, according to Judy Diamond's 401(k) Benchmark Report.