MetLife Study Shows Knowledge Gap about Workplace Benefits Spans Industries, Including Financial Services Employees

When it comes to preparing for retirement, many financial services employees fare little or no better than their peers in other industries – even though on average, they make more than employees in most other industries, according to a new industry profile released today by MetLife. More than half (54%) of financial services employees surveyed say they are behind schedule for achieving their retirement financial goals, which is below the average of 47% for employees across all industries. Only about one-third of employees (30%) in this industry say they are on track regarding their retirement savings goals. Despite higher than average levels of compensation, employees in the financial services industry – encompassing finance, insurance, and real estate – have similar levels of coverage for basic financial protection coverage – such as life and disability insurance – as those of workers in other industries.

MetLife Study Shows Knowledge Gap about Workplace Benefits Spans Industries, Including Financial Services Employees
Source: Business Wire