Most Employees Are Experiencing Negative Effects From the Current Economy, Franklin Templeton’s Voice of the American Worker Study Finds - Seite 2

Eight in 10 American workers (82%) believe their employer should increase salary and benefit offerings to address rising inflation, and 70% would like more holistic benefit options to better assess their progress toward financial goals in the current economic climate.

It is clear that personalization and customization go a long way when it comes to American workers’ retirement savings behaviors, with three-quarters (77%) stating they’d be more likely to participate or contribute more to their retirement savings if there were more personalized 401(k) investment options.

“Now more than ever, employers have an opportunity to retain top talent by offering their employees comprehensive financial wellness tools and personalized solutions,” added Jacque Reardon, Head of Client Experience for Retirement, Insurance, 529 and Wealth Management at Franklin Templeton.

The survey was conducted by The Harris Poll on behalf of Franklin Templeton and the Retirement Innovation Initiative (RII), which launched in January 2020 and brings together industry experts to help improve the future of retirement in the U.S.

Methodology

This study was conducted by The Harris Poll on behalf of Franklin Templeton from October 17 to October 27, 2022, among 1,000 employed U.S. adults. All respondents had some form of retirement savings. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. Findings from 2020 reference a study of a similar nature that was conducted by The Harris Poll on behalf of Franklin Templeton from October 16 to 28, 2020, among 1,007 employed U.S. adults, and findings from 2021 reference a similar survey conducted among 1,005 employed adults from October 28 to November 15, 2021.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience and approximately $1.4 trillion in assets under management as of December 31, 2022. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.