Should We Worry About Public Worker Financial Anxiety?
In a Forbes column, NIRS Executive Director Dan Doonan writes financial stress is particularly high among public service workers, which shouldn’t be surprising given that government wage growth lags behind the private sector.
In fact, a new report from MissionSquare Research Institute found that a whopping 88 percent of public service employees expressed concern about their personal finances and financial decisions.
80% of Americans Say U.S. Faces Retirement Crisis Amid Affordability Pressures and Debt
New national research from the National Institute on Retirement Security finds that 80 percent of Americans believe the nation faces a retirement crisis, as rising costs, debt, and other affordability pressures make it harder to save. The survey also finds widespread caution about AI-generated financial advice and cryptocurrency in workplace retirement plans, while 85 percent say Washington should make retirement security a higher national priority.
