Workers need 11 times their final pay to meet their financial needs in retirement, but the average U.S. worker has a savings shortfall of 2.2 times pay, according to a new survey.
The survey reveals that to help bridge the retirement savings gap, most employers (80 percent) are making financial wellness a top priority in 2013. Six in 10 (61 percent) are helping workers evaluate their retirement readiness, up from 50 percent in 2012. Additionally, 86 percent of companies plan to focus communications initiatives on helping workers evaluate and understand how much they need to save for retirement.
Read the full article at HealthLifePro.