first_imgAlmost half of American workers say that financial challenges cause them the most stress in their lives. Part of this stress comes from concerns about saving for retirement.Are your employees able to successfully save for a financially secure retirement? Are they prepared to retire on time? If you don’t know the answers to these questions—or worse, you know the answers are “no”—you could be costing your credit union. Not only can delaying retirement be a stressful situation for your workers, it may also negatively impact your bottom line.Problems in Retirement PreparationConcerning trends are emerging in employee retirement readiness. For example, less than half of workers are confident that they will reach their retirement goals. Even more alarming, 20 percent of those people said they don’t think they’ll ever reach their retirement goals.Surprised? Your workers’ current financial situation may be the culprit. Some employees are so challenged by their current financial situation that they aren’t able to focus on saving for retirement. In fact, 42 percent of employees find it difficult to meet their household expenses every month. For these workers, saving for retirement might not even be an option. 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img