Gen X retirement, "the wellness revolution"
Sunny Day Fund ??
Workplace emergency savings & financial wellness that measurably improves retention, productivity, & retirement metrics.
One in four Gen Xers don’t have a retirement savings account at all
The National Institute on Retirement Security 's recently released report,?The Forgotten Generation: Generation X Approaches Retirement, finds the median Gen X retirement account balance is only $10,000 - but there's hope to turn that around.
Other Key Takeaways:
Read on Yahoo! Finance here
LIMRA & EY's "Wheel of Wellness"
Let's turn to what LIMRA - 安永 call "the holistic wellness revolution," based on the results of their most recent preferences survey.
Primary takeaway for me: employers are drastically underestimating (thus undersupporting?) employees' desire for financial wellness.?This difference is larger than in any other category.
And by the way, emergency savings and financial wellness are among the largest YoY increases in preferences for both employers and employees.
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badcredit.org talks with Sunny Day Fund
Many of you are curious about the founding story behind Sunny Day Fund. Others are curious about our thoughts on debt and financial education. The feature from BadCredit.org covers all of that - and we encourage you to follow them for more excellent features on financial innovations driving better well-being for all.
5 ways to drive savings?behavior
You asked, and we delivered - we revisit our recent webinar via a short blogpost (3-4 min) that focuses on?five behavioral science strategies?to improve savings habits for workers, especially low-income earners.
Thank you SaverLife , Commonwealth , Western & Southern Financial Group , Financial Health Network , and Sunny Day Fund ?? for sharing your valuable insights!
How Inclusive Product Design Changed Emergency Savings
Enabling low- and moderate-income workers to build savings is not easy - it requires us to reconsider our own design principles, and think beyond behavior too. Fintech Sandbox and Commonwealth brought together a wonderful panel to have a focused discussion on what inclusive product design means today.
If you're in charge of communicating benefits or designing benefits plans, or a product manager or marketer, this webinar is especially relevant for you. And we know not everyone has time to watch the full webinar, so stay tuned for a quick blog, courtesy of Commonwealth!
To watch the webinar recording click here
"Sunlight" on Thought Leadership