Retirement

    EMERGE
    Financial Lives Episode 1: When Fixed Incomes Fall Short

    Financial Lives Episode 1: When Fixed Incomes Fall Short

    Pay for your medication or buy dinner? Many older adults living on fixed incomes have to make daily trade-offs like these, even if they’re able to supplement their steady paychecks or Social Security checks. This episode provides a glimpse into life on a fixed income, where constant budgeting doesn’t guarantee you can afford basics like groceries. Explore the realities of life for those who have officially retired and others who are still working and struggling to afford life in their later years.

    EMERGE
    Financial Lives Episode 2: All in the Family

    Financial Lives Episode 2: All in the Family

    Sharing a home with grandchildren, parents, or children is a familiar story these days, as more people over 50 find themselves living in multigenerational households. From helping with rent to pitching in with childcare, the benefits can be immeasurable – but having multiple generations under one roof isn’t always easy. This episode takes a step inside the joys and challenges that come with this dynamic living situation.

    The Complexities of Caregiving: Financial Health and the Aging Crisis

    The Complexities of Caregiving: Financial Health and the Aging Crisis

    By Kelsey Kruslak Manager, Financial Health Network I’m not a typical millennial. Besides the occasional avocado toast, I don’t have student debt, I own my house, and I have good savings habits. I was one of the 24% of millennials who were Financially Healthy before the global pandemic, according to the Financial Health Network’s FinHealth…

    2019新万博appmanbetⅩ

    尽管他们技术的广泛使用,许多dults 50 and older find it challenging to handle day-to-day financial needs online. However, shifting financial management systems online has become critical for older generations that face the greatest health risks from COVID-19. Through qualitative, human-centered research, the Financial Health Network uncovered barriers that inhibit older adults’ adoption of fintech, such as negative stereotypes about their tech savviness and concerns about losing granular control over their finances. This report offers recommendations for fintech customer experience design that financial services innovators can use to overcome these barriers and join older adults as partners on their journey toward financial health.

    Retirement Readiness: A Generational Perspective

    Retirement Readiness: A Generational Perspective

    By Steve Arves, Manager, Financial Health Network The economic fallout from the COVID-19 pandemic has taken an exacting toll on many people’s retirement savings. Over the last month, the stock market took its largest dip in years, wiping out trillions of dollars in savings overnight. While it’s too soon to say whether these losses will…

    MassMutual Workplace Financial Wellness Study
    Member Exclusive

    MassMutual Workplace Financial Wellness Study

    Provided by MassMutual, this research identifies the percentage of employers who say that their workers are struggling financially and looks at the correlation between employer size and employee financial wellness issues.

    That’s a Wrap on EMERGE 2019

    That’s a Wrap on EMERGE 2019

    By Tanya Ladha, Director, Financial Health Network What a week it was in Scottsdale for the 2019 EMERGE Financial Health Forum May 14–16! I want to thank everyone who joined us this year for a rigorous and insightful three days exploring Trust, Tech, and Transparency. I had the privilege of serving as this year’s emcee,…

    Preparing for Tomorrow by Fixing Today

    Preparing for Tomorrow by Fixing Today

    In this report, the Financial Health Network looks at long-term savings and beyond to understand how day-to-day financial challenges of LMI pre-retirees and retirees are getting in the way of their long-term financial health.