Our paper, Balancing Saving and Debt Paydown: Money Mistakes to Avoid, examines how households navigate these competing priorities. By considering contribution behavior, debt costs, and employer plan incentives together, the research provides a more complete view of the factors that can shape outcomes over time.
For plan sponsors and benefits leaders, the findings offer a more nuanced way to think about financial wellness—one that helps employees weigh trade-offs, avoid costly missteps, and make the most of the benefits available to them.
Read the full paper to learn more about the research and how better guidance can support stronger financial outcomes.Â
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Notes
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.