Viewpoints about Financial stress during the pandemic
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2020’s lessons for 401(k) participants and financial professionals
Now that 2020 is hindsight, it’s important to look back and see what lessons it has for us. We’ve taken a look at the actions our retirement plan participants took in 2020 to gauge what kind of help they may need as they look forward in 2021.
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Financial wellness programs can help increase employee loyalty and reduce stress
Even before 2020 became a four-letter word, financial stress was on the rise among Americans—and the pandemic has made it worse. In our latest financial stress survey, we learned how employees feel about financial programs and the types of help they’d like from their employers.
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Lowering the cost of financial stress to employers and its impact on workers
For seven years, we’ve surveyed our participants to learn about their financial stressors. During the pandemic, they're looking for help finding their resiliency, both financial and emotional, so that when normal returns, they’re ready to move forward.
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Financial stress during the pandemic—yes, it’s gone up
For seven years, we’ve tracked the financial stress of our retirement plan participants, recognizing the impact that overall finances have on retirement savings. The COVID-19 pandemic is now changing our lives and stressing personal finances in ways we haven’t seen before.
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