A new survey by Cerulli Associates finds that workers are reporting they have major concerns about their financial futures.
This report, sources of Financial Stress by Cerulli, says “a survey of 1,500 401(k) plan participants it conducted in the second quarter of this year (2019) found that participants under the age of 40 are markedly more concerned about student loan debt. Those between the ages of 30 and 49 are most stressed about saving for retirement, while those 50 and older are most focused on health care expenses. Those with less than $100,000 in investable assets are more likely to cite lack of emergency savings and credit card debt as a financial concern compared to their more affluent peers. Women say their top stressor is retirement savings, and men say it is health care expenses.”
But the real problem is that the financial services industry ignores the evident political solutions to all of these major problems. These problems can all be fixed by federal policies that address these issues. These issues can all be alleviated by the progressive candidates.
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