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

Dive Temporary:

• Greater than 3 in 4 employers mentioned they consider their staff are ready for retirement, but lower than half of staff 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 skill to satisfy their retirement targets by generations, the report discovered. Whereas 56% of Technology Z workers mentioned they’re “considerably” or “very assured,” 50% of millennials and boomers and 43% of Technology X mentioned the identical. 
• Of the greater than 500 U.S. employers surveyed, 78% mentioned staff’ monetary stress has a unfavorable impact on operations, mirroring final 12 months’s findings.

Dive Perception:

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

In the meantime, two-thirds of staff who participated in a current multigenerational survey printed by the Transamerica Institute mentioned they didn’t count on to have the funds for saved to meet their retirement needs.

A part of preparing workers for retirement is making certain they perceive each what retirement truly appears like and the fact of their private monetary scenario, an official on the Nationwide Institute on Retirement Safety beforehand instructed HR Dive.

PNC discovered there a minor uptick within the proportion of workers 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, staff reported a slight enchancment within the quantity of stress they really feel about their funds, PNC discovered. Sixty-eight % of workers mentioned they’re “considerably” or “very” careworn about their funds, in comparison with 70% in 2024 and 71% in 2023. 

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

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