Top 10 Takeaways on Americans' Financial Insecurity Today: TIAA

When it comes to overall financial wellness, Americans feel challenged on multiple fronts, according to a recent study from TIAA. The study also found that employer-provided information and financial wellness programs are effective in helping many people keep their financial lives on track and feel more confident about their finances. "Employer-sponsored financial wellness support is both needed and wanted by employees, especially for workers who might need help the most," Snezana Zlatar, senior managing director and head of financial wellness advice and innovation at TIAA, said in a statement. "People who have taken part in an employer financial wellness program can see a considerable difference, indicating that it truly makes sense for employers to redouble their activities on this front." TIAA conducted its 2022 financial wellness survey online from Oct. 22 to Nov. 3 among 3,008 Americans adults. Six in 10 participants reported being stressed about their finances, including a quarter who said they were experiencing a great deal of stress. Three-quarters of both Generation Z and millennials surveyed said they feel financially stressed. "It's hard for employees to focus on their retirement when there are more immediate pressing needs," Zlatar said. "The most impactful financial wellness programs help address both short-term and long-term goals since they are linked together." See the gallery for 10 important findings from the financial wellness survey. (Image: Roman Samborskyi/Shutterstock)