Tweaked intro copy for insights. While a bad economy or an especially low-paying job can make saving money infinitely harder, the formula for saving has always been the same. To save money, you need to spend less than you earn.
Employer-sponsored retirement plans have evolved. They’re no longer just a way to save money until an employee hits a fixed retirement date. Today, plans are part of a holistic financial wellness strategy that helps employees find a healthy balance between living well today while preparing for a more financially secure life after work.
Two studies from Alight Solutions indicate that there’s a disconnect between how much financial help workers think they should be getting from their employers and how much help those employers think they should give.