As a result of improvements in managing day-to-day finances, employees are shifting their focus to long-term financial planning issues such as retirement planning, according to a new report.
Financial Finesse, Inc., El Segundo, Calif., published this finding in a Year in Review 2011 research report that covers trends in employee financial issues.
Employees dramatically increased their focus on retirement planning in 2011, the report finds. For the year, 31% of employee questions were related to retirement planning compared to 24% in 2010. Retirement planning was followed by debt management (14%), investing (14%), and budgeting and saving (13%) as the top areas of concern.
In total, 62% of questions were related to long-term planning issues (compared to 55% in 2010). This trend is positive despite global financial concerns, the report says.