Employers say their employees are prepared for retirement, but workers aren’t so sure

Dive Temporary:

• Greater than 3 in 4 employers mentioned they imagine their employees are ready for retirement, but lower than half of employees suppose so, in keeping with PNC Bank’s third annual Financial Wellness in the Workplace Report, launched Aug. 27.
• Staff had various ranges of confidence of their capacity to satisfy their retirement objectives by generations, the report discovered. Whereas 56% of Era Z staff mentioned they’re “considerably” or “very assured,” 50% of millennials and boomers and 43% of Era X mentioned the identical. 
• Of the greater than 500 U.S. employers surveyed, 78% mentioned employees’ monetary stress has a detrimental impact on operations, mirroring final 12 months’s findings.

Dive Perception:

Greater than half of employees mentioned their financial health negatively affects their workplace productivity, in keeping with an August report from The Hartford. 

In the meantime, two-thirds of employees who participated in a current multigenerational survey printed by the Transamerica Institute mentioned they didn’t anticipate to find the money for saved to meet their retirement needs.

A part of preparing workers for retirement is making certain they perceive each what retirement really seems like and the truth of their private monetary state of affairs, an official on the Nationwide Institute on Retirement Safety beforehand instructed HR Dive.

PNC discovered there a minor uptick within the share of staff who had entry to a monetary planning profit. In 2025, 30% did, up from 28% the 12 months earlier than. 

Regardless of their trepidation about retirement financial savings, employees reported a slight enchancment within the quantity of stress they really feel about their funds, PNC discovered. Sixty-eight p.c of staff mentioned they’re “considerably” or “very” confused about their funds, in comparison with 70% in 2024 and 71% in 2023. 

Employers, too, mentioned they thought employees’ monetary stress ranges had been down. Sixty-nine p.c of corporations mentioned they believed employees confronted monetary stress in 2025, an enchancment from 78% in 2024 and 71% in 2023, the report discovered. 

General, employees mentioned they had been extra answerable for their funds this 12 months (62%) in comparison with 2024 (56%), per PNC.