30% of Americans don’t have a budget. In fact, 3 in 5 don’t know how much they spend last month, and the median household retirement account balance in America is $50,000.
One if not all of these statistics could exist in your workplace. Here are three ways your employees can take your control of their finances and give their savings a boost for a better future.
[1] Debt.com. 2019 Annual Budgeting Survey. April 4, 2019.
[1]Mint spending knowledge survey (via Google Surveys). May 2020.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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