Most Americans’ (48%) are in a state of financial stability, with 16% surviving and 36% thriving.
Despite a decline in the stated savings amount Americans need to be financially healthy, fewer are reaching their targeted amount. Over half of Americans (51%) say $100,000 is the savings amount needed to be financially healthy (down 9% from Q1 2021), but 10% fewer say they have achieved their savings goal.
Every decision we make today will determine how we live in retirement.
Take this short quiz to get a better understanding of where you stand and what you may need to do to take control of your financial future.
Creating a Path forward to financially thriving.
Despite a decrease in overall financial confidence, Americans are optimistic in their ability to achieve these three financial milestones 1:
1. Achieving personal savings goals
2. Ability to build emergency savings
3. Ability to plan for retirement
Use this worksheet to define your own personal short term and long-term financial goals.
Empower Retirement offers several self-service tools that can help you stay the course. To access these great tools, visit www.learningfromempower.com to feel inspired about your financial future.
Click the link to learn more about the retirement plan benefits offered by the Alliance Health Plan.
Wealth & Wellness Index. Harris Poll January 2022 Survey.
Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment adviser, Advised Assets Group, LLC. Investing involves risk, including possible loss of principal. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.
Empower Retirement is a premier retirement services provider that’s transforming the way people approach retirement planning. Serving Alliance 403(b) Retirement Plan participants, Empower makes retirement planning personalized, accessible, and easier to understand. In whole, they help over 9.6 million people with a vision grounded in a simple, singular mission: to help people save enough today and work toward a secure future.
