How Each Generation Is Maintaining Their Financial Stability

—Geography: United States —Research Source: Financial Finesse —Date: June 2016 —Findings: 27% increase in employee lifetime retirement savings by increasing employee wellness by one point to 6 out of 10.  12% increase from going from 4 to 5 out of 10 Baby Boomers are the strongest generation in overall financial wellness (5.7 out of 10) and are most likely […]

Baby Boomer Are Facing Financial Trouble

—Geography: United States —Research Source: Financial Finesse —Date: June 2016 —Findings: Only 58% of Baby Boomers have a plan to pay off their debt, down from 64% in 2014. 15% are expecting late fees compared to 11% in 2014. The percentage of homeowners age 65 and older with mortgage debt has already increased from 22% in 2001 to 30% in 2011. […]

Gender Gaps In Financial Wellness

Geography: United States Research Source: Financial Finesse —Date: October 2015 —Findings: 95% “purchasing power” gap of  between men and women in terms of extra dollars needed to fund retirement expenses. 26% Gender Gap in Retirement Shortfall for Median 45-Year-Old Employees. 67% women, 84% men are confident in their financial decision-making than women in general investment knowledge Recommendations: The financial wellness […]