Expertise doesn't equal confidence
Financial services workers earn above-average wages and operate in one of the most financially sophisticated sectors in the American economy, yet they show striking signs of financial strain. Nearly two in three say they do not feel well equipped to make financial decisions about retirement decisions, and 28% have reduced their retirement contributions in the past five years (vs. 18% in other industries).
New research from Economist Enterprise, supported by Nuveen, explores why strong pay and deep financial expertise aren't translating into financial confidence or security, and what employers can do about it before the gap between today's earnings and tomorrow's outcomes becomes a workforce crisis. Explore the research to see what the data shows.