Retirement
The financial landscape looks far different than it did a generation ago, making it harder for people to establish long-term savings – and creating new challenges for those approaching retirement. The Financial Health Network is focused on finding solutions to these challenges to help more Americans prepare for life after work.
Understanding Retirement and Financial Health
In our retirement work to date, the Financial Health Network has uncovered several key findings:
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Responsibilities like student debt are increasingly hampering people’s ability to save for retirement when they’re younger.
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A growing number of people are carrying debt into their later years, making it difficult for many to retire at all.
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Consumers of all ages need more education and guidance on retirement planning.
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While many fintechs are focused on younger consumers, there’s a significant opportunity to reshape existing innovations to meet older consumers’ needs.
Data Spotlight
Why Retirement Issues Matter to Providers
Helping people create long-term savings for a secure retirement is essential for their overall financial health. While older consumers have not received as much attention as some other sectors, providers have a significant opportunity to earn this group’s trust and loyalty by helping them reach their financial goals.
How We Can Help
The Financial Health Network has conducted extensive research to better understand the connections between day-to-day financial challenges and long-term financial health, providing organizations with new insights to bring better solutions to market. Through the Financial Solutions Lab, we’re also investing in innovation to support the financial needs of older Americans. Our hope is to enable people to establish good long-term savings habits early on, while allowing those approaching retirement to enjoy better financial health in their later years.
Explore All Related Research
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Earned Wage Access and Direct-to-Consumer Advance Usage Trends
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Designing Digital Financial Advisory Tools for Low-to-Moderate Income Older Adults
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Webinar: Health-Wealth Connections: The Impact of Medical Shocks and Family Caregiving on Older Adults
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Webinar: Retirement Realities: Innovating to Support Aging Americans on Fixed Incomes
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Eviction Prevention: Tips for Effective Resident Engagement
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Fintech Over 50: Designing for Low- to Moderate-Income Older Adults
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MassMutual Workplace Financial Wellness Study
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Redesigning the Financial Roadmap for the LMI 50+ Segment
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Preparing for Tomorrow by Fixing Today
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AARP Foundation Equips Older Consumers With Financial Know-How
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Employer-Based Collaboration: Lessons from Financially Fit Minnesota
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Expanding Financial Services to Underbanked Consumers
Interested in connecting with the Financial Health Network for a media interview, speaking opportunity, research or consulting request? Reach out and we’ll connect you with the right expert.
Additional Research Topics
Financial health depends on a complex set of factors and circumstances. That’s why the Financial Health Network produces research in a variety of areas impacting our financial lives.