Voluntary Benefits for the Multi-generational Workforce

T H E M U L T I - G E N E R A T I O N A L WO R K F O R C E

S O C I E T A L T R E N D S & V O L U N T A R Y B E N E F I T S

H OW T O L A U N C H A V O L U N T A R Y B E N E F I T S P R O G R A M

T H E R O L E O F T H E V O L U N T A R Y B E N E F I T S C O N S U L T A N T

5 key characteristics of the gen x’er

A NEW AGE OF WORK AND WORKERS

THE LINGERING ISSUE OF HIGH-COST HEALTHCARE

5 KEY CHARACTERISTICS OF THE GEN X’ER

4 KEY FINANCIAL SHOCKS FACING RETIREES

20% of employees skip work at least once annually to deal with finances.

They’re stressed about having to take care of both children and aging parents.

Due to mortgages, credit cards, and auto, student and personal loans, they have the most debt of any of the generations.

They are pessimistic about their financial future.

- Prudential, “Trending Toward Financial Wellness”

34% of Americans have no money in savings.

- Corporation for Enterprise Development, “GoBankingRates Survey”

The 401(k) plan is their retirement savings vehicle of choice.

The majority plan to work in retirement.

49% of workers struggle to pay their household expenses on time.

- AARP, “5 Interesting Facts about Generation X”

4

- SHRM, “Stress and Productivity”