Retirement

EMERGE
Financial Lives Episode 5: When Retirement Won’t Work

Financial Lives Episode 5: When Retirement Won’t Work

Once upon a time, retirement meant a paid-off house, a solid financial cushion, and time to relax. This episode explores how older adults approaching retirement today often find themselves unprepared financially and worried about what their future will actually look like. As for those who have already retired, the reality is often starkly different from the retirement they once imagined.

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Financial Lives Episode 4: A Shock to the System

Financial Lives Episode 4: A Shock to the System

Financial emergencies following a health scare are becoming increasingly common. Unexpected hospital stays or a sudden illness or injury can wipe out savings, leaving many people unable to afford day-to-day expenses. In some cases, medical issues can force people into early retirement, cutting off potential earnings for years to come. This episode provides a glimpse into life after medical shocks and the difficulties older adults face as they try to bounce back financially.

EMERGE
Financial Lives Episode 3: The Caregiver Conundrum

Financial Lives Episode 3: The Caregiver Conundrum

Chronic healthcare issues are not only challenging for the people diagnosed, but for the loved ones taking care of them. These emotional and financial challenges grow exponentially when medical coverage and healthcare-related debt enter the picture. This episode takes you inside the lives of three families experiencing the challenges of caregiving and attempting to navigate countless financial roadblocks as they plan for an uncertain future.

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Financial Lives Episode 1: When Fixed Incomes Fall Short

Financial Lives Episode 1: When Fixed Incomes Fall Short

Pay for your medication or buy dinner? Many older adults living on fixed incomes have to make daily trade-offs like these, even if they’re able to supplement their steady paychecks or Social Security checks. This episode provides a glimpse into life on a fixed income, where constant budgeting doesn’t guarantee you can afford basics like groceries. Explore the realities of life for those who have officially retired and others who are still working and struggling to afford life in their later years.

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Financial Lives Episode 2: All in the Family

Financial Lives Episode 2: All in the Family

Sharing a home with grandchildren, parents, or children is a familiar story these days, as more people over 50 find themselves living in multigenerational households. From helping with rent to pitching in with childcare, the benefits can be immeasurable – but having multiple generations under one roof isn’t always easy. This episode takes a step inside the joys and challenges that come with this dynamic living situation.

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…

Member Exclusive

MassMutual Workplace Financial Wellness Study

Provided by MassMutual, this research identifies the percentage of employers who say that their workers are struggling financially and looks at the correlation between employer size and employee financial wellness issues.

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,…