According to research done by Financial Finesse, only one in seven employees say they are on track to retire with 80% (or their goal) of their income. This finding came from a new survey on financial trends of employees was derived from responses to an online financial wellness assessment questionnaire. It found that only 14% believed that they were on track to meet their retirement income goal.
On a more upbeat note, another key finding from this research is that employees are becoming more proactive about their finances in general and retirement planning in particular. It appears as though the volatile market which put a large dent into many individuals’ savings has led many to put more effort into ensuring that their hard-earned savings are being used to the best extent possible.