First-generation Americans seek advice during these unprecedented times
Research shows that first-generation Americans tend to be more optimistic about the U.S. economy than the general population, but the COVID-19 pandemic is causing workers across demographics to question what the future holds.
A recent survey administered by The Harris Poll on behalf of Empower Retirement suggests that first-generation workers are still more optimistic about the economy and their finances, but they share the concerns of other workers about the long-term effects of the pandemic. First-generation workers in particular trust their employers to provide sound advice, and they are looking to their employers for guidance on saving for retirement through this uncertain time.
- First-generation workers remain more confident in the U.S. economy and their retirement savings than the general population.
- The vast majority of first-generation workers are concerned about the economic impacts of the pandemic, including inflation and a recession.
- More than the general population, first-generation workers want guidance from their employers on saving for retirement during these uncertain times.
Latest Empower Institute Articles
For many Americans, the current pandemic has caused a current state of financial instability and insecurity.
Research shows that those who receive financial advice are more likely to stay on track with their long-term investing strategies.
While many workers remain unclear on the financial benefits an HSA can provide, there is a clear opportunity for employers to offer more essential education.