Creating emergency savings and tackling student loan debt within a retirement plan
Student loan debt and unexpected expenses are causing major headaches for many employees.
Did you know student loan debt reached an all-time high in 2017 with the average college graduate racking up a $40,000 tab?1 This staggering figure adds financial strain and leaves many people feeling stressed out.
The fear of an unexpected expense, like buying new tires or paying for emergency health care, creates additional headaches for employees trying to save for retirement too.
You can help your plan sponsor clients better support employees facing big financial responsibilities and unexpected expenses by sharing insights on how they can help tackle common challenges.
Want to learn more?
Use these resources to share insights and start a conversation with your plan sponsor clients:
Like this type of information?
Check out the Principal Point of View archives under Thought Capital & Research.
1. Student Loan Hero, May 2018.
This document is intended to be educational in nature and is not intended to be taken as a recommendation.
Insurance products and plan administrative services provided through Principal Life Insurance Co., a member of the Principal Financial Group®, Des Moines, IA 50392.
©2019 Principal Financial Services, Inc.
Back to News Home