Addressing the Paycheck to Paycheck Reality
Join Nicole and a panel of advisors to discuss how we, as an industry, can come together to address the “paycheck to paycheck” reality that exists for 78% of American families. If the pandemic has shown us anything, it has shown us that participants-and businesses of all sizes-are ill-prepared for even a minor financial emergency. Are we really doing what’s in the best interest of plan participants if the only thing we talk to them about is deferring as much as they can to the 401(k) when they couldn’t afford to put brakes on their car without swiping a credit card, or worse-borrowing from their 401(k)? If anyone can affect real change in terms of how American families plan and save, it is our industry.