Retirement Confidence Survey Findings: Financial Wellness & The Impact of Debt

Tuesday, July 28, 2020 (2pm - 3pm US/Eastern)

The Retirement Confidence Survey is the longest-running survey of its kind, measuring worker and retiree confidence about retirement, and is conducted annually by the Employee Benefit Research Institute (EBRI) and independent research firm Greenwald & Associates. Now in its 30th year, the survey also asks about retirement preparations, as well as understanding of the various issues impacting retirement, and products designed to prepare Americans for retirement.

This webinar will discuss the share of workers and retirees who consider debt to be a problem, and its impact on retirement confidence and one’s ability to save for retirement. Overall debt levels for those of different ages will be presented and we'll discuss what is likely to happen with debt after the COVID-19 pandemic.

In addition to saving for retirement, having one’s overall finances in order helps prepare workers for retirement, and allows retirees to better navigate their finances once in retirement. Consequently, many employers are adding financial wellness programs to their benefit offerings. The RCS asked workers about their opinions on financial wellbeing programs and their impact on retirement planning. These reflections, and the impact that financial wellness programs can have in helping workers better handle their overall finances, will discussed. The speakers will also provide their experiences with clients that have these programs, and their clients areas of focus since the COVID-19 pandemic.

EBRI thanks the Capital Group, Columbia Threadneedle, Invesco, J.P. Morgan, LGIMA, Lincoln Financial, Mercer, MetLife, Nationwide Financial, PIMCO, Principal Financial Group, T. Rowe Price, Segal, and Vanguard for underwriting the 2020 Retirement Confidence Survey.


Craig Copeland, Senior Research Associate, EBRI
Neil Lloyd, Head US Defined Contribution & Financial Wellness Research, Mercer
Lisa Margeson, Managing Director, External Affairs, Retirement and Personal Wealth Solutions, Bank of America
Moderator: Chantel Sheaks, Executive Director, Retirement Policy Employment Policy Division, U.S. Chamber of Commerce