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While key economic metrics like the unemployment rate and gross domestic product look healthy, the reality is that many working people continue to struggle financially. Although the market is hovering near all-time highs, nearly four in 10 Americans don’t own a single stock.
Despite inflation trending downward and nearing the Fed’s annual target, the costs of gas, groceries and almost all household goods remain substantially higher than before the pandemic. Worse still, household debt has risen to a record level, personal savings rates have dropped substantially and nearly three-quarters of Americans, according to the American Psychological Association, say the economy is causing them significant stress.
Although they face significant near-term affordability hurdles, a vast majority of people are still worried about achieving the ultimate goal: retirement. Even some of the economy’s youngest workers—Gen Z—are spending lots of time thinking about it, and, surprisingly, this concern has a strong link to their mental health today.
Good retirement strategies can lead to better wellness benefits
If employers are looking for a way to support these workers—and all workers worried about their retirement—the good news is that there are significant tools available to strengthen the benefits they offer. The better news is that our
