Contactinfo
Market Research: EMAIL OR CALL 800-356-8010, ext. 4172
Economics & Statistics: EMAIL OR CALL 800-356-8010, ext. 4399
CUNA Strategic Services: REQUEST INFO
Financial Wellness Info Trending in Digital Retirement Arena
Posted March 20,2017 by CUNA Economics

Thirty-eight financial wellness issues identified by research firm.  

Corporate Insight, a financial research service firm, reports most participants in their Retirement Plan Monitor (RPM) group “recognize the importance of providing holistic financial wellness education,” according to an article at planadviser.com.   In fact, 80% of the contribution plan providers Corporate Insights tracks provide adequate financial education “to warrant coverage in its report.”  

Corporate Insight’s study identified 38 financial wellness issues; 63% of firms tracked the information made available over at least at half of these topics.  

Providing financial wellness education is gaining traction in digital retirement services, “one of the past year’s most prominent trends” as 75% of RPM companies contributed such content to online sites while 40% began anew or made significant changes to preexisting wellness information.  

Percentages of survey participants offering various wellness topics made available are:  

  • 100%--Social Security/general investing suggestions;
  • 75%--Information on asset classes, debt management, estate plans, educational debt, and savings priorities;
  • 69%--making budgets;
  • 63%--expenses in health care;
  • 63%--life insurance;
  • 56%--taxes;
  • 50%--emotional investing;
  • 44%--long-term care;
  • 44%--identity theft;
  • 38%--women and investing; and
  • 31%--caring for elderly family members.  

About 56% of firms use at least a few narratives in educational outreach; some also provide interactive content in the form of worksheets, tests, lessons, games, and worksheets.  

These companies strive to provide easy access to digital financial wellness information; 75% centralize it, 58% make it available via menu tab, and 33% by a subtab or menu link.  

Content is typically organized by topic (92%), and 42% will permit users to filter information by topic.  

Twenty-five percent categorize financial wellness data by medium offered, and 17% arrange it by level of user’s acumen.

 

Related

Consumers Make Financial Resolutions

Retirement Saving: It’s Not Too Late for Gen X

Tips to Help Retirement Dollars Last

   

Leave a comment
Homepage
Comment

Right Promo- Membership

This blog site is owned and controlled by Credit Union National Association (CUNA). The site does not offer legal, accounting of other expert or professional services or advice. CUNA has the sole right and ability to delete or refuse to post any item, for any reason and at any time. Opinions expressed by third parties are not the opinions of CUNA and appearance of a posting on the site does not imply endorsement, recommendation or agreement by CUNA with the content of the posting. CUNA’s occasional monitoring of the site does not provide users with any guarantee regarding any third party posting or make CUNA responsible for them in any way.

CUNA shall not be liable for damages of any kind regarding use of this site, errors on the site, viruses on the site, failure of the site to operate, third party links, and any purchase of a service or a product not sold directly by CUNA.

CUNA shall not be liable in any way for postings of third parties that are libelous, defamatory, obscene, raise antitrust concerns or infringe on a copyright or trademark. Materials such as those are strictly prohibited. Users indemnify CUNA for any claims resulting from their posting.

CUNA may permit disclosure of information relating to users of this site to law enforcement authorities or as a result of subpoena.