The COVID-19 pandemic has increased financial stress

 

In our seventh annual financial stress survey, we’ve learned how the pandemic is affecting retirement plan participants and plan sponsors.

  • Financial stress grew from 39% before the pandemic to 62% during the pandemic

     

  • The cost of financial stress to employers went up 15% compared to 2019

  • 73%

    of participants are worried about not saving enough for retirement

  • Financial wellness programs help reduce financial stress and increase employee loyalty.

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