Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

Employers can help employees save by automating and incentivizing emergency savings, but it's key to customize messaging that is unique to a specific employee demographic to increase the likelihood of them taking action.

By Kristen Beckman | May 03, 2024 at 12:00 PM

Financial factors outside of workplace savings plans can have a significant impact on how employees save for retirement within plans. Two of those factors are spikes in consumer spending and student loan repayment, according to joint research conducted by the Employee Benefit Research Institute (EBRI) and J.P. Morgan Asset Management.

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Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

1 Employees Prioritize Benefits Over Pay, Study Finds

2 Feds Warn Deepfake Media Fraud Is Growing Threat Targeting Credit Unions & Banks

3 California’s VCCU Becomes Founding Partner of Professional Soccer Team

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Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

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1 Employees Prioritize Benefits Over Pay, Study Finds

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