If you were hit with a financial emergency today, like an unexpected medical cost, a car repair, there’s a good chance you couldn’t cover it. In fact, according to a new Prudential report, more than 60 percent of Americans don’t have enough savings to cover a $500 emergency.
NEWARK, N.J., May 16, 2017 - Prudential Financial, Inc. (NYSE: PRU) has deepened its commitment to the financial wellness of American families. The company announced a three-year $5 million partnership with the Aspen Institute to advance solutions that increase financial security for all American workers, and armed employers with new tools and resources to help them to understand and improve the financial health of their workforce.
More than two in five Americans inaccurately assess their retirement preparedness, perhaps worrying more than they need to, or not being concerned enough about how much money they’ve saved, according to the Center for Retirement Research at Boston College’s latest National Retirement Risk Index research, sponsored by Prudential.
For too many American workers, financial stress can be a daily occurrence--taking a toll on health, productivity and confidence. Not helping matters is the human tendency to focus on short term needs and wants over long term financial goals, such as saving for retirement.
NEWARK, N.J., Feb. 27, 2017 - Achieving personal savings goals has never been more important than developing a balanced plan for managing financial wellness. In conjunction with 2017’s America Saves Week campaign held Feb. 27 through March 4, Prudential Retirement is encouraging American workers to save more money while balancing multiple financial priorities. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).
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