Retirement
Product Insights

Retirement

Saving for retirement is essential to financial health, but rising costs of financial obligations like healthcare and student loans prevent many people from preparing for life after work. Providers can earn the loyalty and trust of these consumers by offering retirement guidance and effective savings solutions. Explore our research and resources on the connections between day-to-day financial challenges and long-term financial health, then partner with the Financial Health Network to bring better long-term savings solutions to those that need them most.

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Preparing for Tomorrow by Fixing Today

In this report, the Financial Health Network looks at long-term savings and beyond to understand how day-to-day financial challenges of LMI pre-retirees and retirees are getting in the way of their long-term financial health.

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In Their Words: What Older Adults Struggling Financially Need

By Farah Manjiyani, Manager, Financial Health Network Despite the recent stimulus, increased vaccinations, and gathering momentum of reopenings across the country, millions are still struggling with their financial health. Ongoing economic uncertainty, job loss, and physical health concerns have caused many to shift financial priorities just to stay afloat. In the Financial Health Network’s latest…

Designing Digital Financial Advisory Tools for Low-to-Moderate Income Older Adults

Most low-to-moderate income (LMI) older adults are financially challenged to reach retirement and maintain their quality of life as they age. This report showcases research insights and design features that financial service providers can leverage to better support the needs of this group as they approach retirement, produced in partnership with the Institute of Consumer Money Management.

The Complexities of Caregiving: Financial Health and the Aging Crisis

By Kelsey Kruslak Manager, Financial Health Network I’m not a typical millennial. Besides the occasional avocado toast, I don’t have student debt, I own my house, and I have good savings habits. I was one of the 24% of millennials who were Financially Healthy before the global pandemic, according to the Financial Health Network’s FinHealth…

Fintech Over 50: Designing for Low- to Moderate-Income Older Adults

Despite their widespread use of technology, many adults 50 and older find it challenging to handle day-to-day financial needs online. However, shifting financial management systems online has become critical for older generations that face the greatest health risks from COVID-19. Through qualitative, human-centered research, the Financial Health Network uncovered barriers that inhibit older adults’ adoption of fintech, such as negative stereotypes about their tech savviness and concerns about losing granular control over their finances. This report offers recommendations for fintech customer experience design that financial services innovators can use to overcome these barriers and join older adults as partners on their journey toward financial health.

Retirement Readiness: A Generational Perspective

By Steve Arves, Manager, Financial Health Network The economic fallout from the COVID-19 pandemic has taken an exacting toll on many people’s retirement savings. Over the last month, the stock market took its largest dip in years, wiping out trillions of dollars in savings overnight. While it’s too soon to say whether these losses will…

That’s a Wrap on EMERGE 2019

By Tanya Ladha, Director, Financial Health Network What a week it was in Scottsdale for the 2019 EMERGE Financial Health Forum May 14–16! I want to thank everyone who joined us this year for a rigorous and insightful three days exploring Trust, Tech, and Transparency. I had the privilege of serving as this year’s emcee,…

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