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The pandemic and economic uncertainty have created significant challenges for the government sector and its employees. Given this environment, Empowering America’s Financial Journey (EAFJ) seeks to provide a comprehensive view of state and local government employees’ defined contribution (DC) savings behavior and retirement preparations. The study analyzes the behavior of approximately 1.55 million active state and local defined contribution participants with Empower as the recordkeeper.

The study is structured across the following three themes:

  • Savings and engagement
  • Investing and planning behavior
  • Improving outcomes

  • Version
  • 13.35 MB File Size
  • May 11, 2022 Create Date
  • May 11, 2022 Last Updated
Empower - Empowering America’s Financial Journey – How people save, invest and get advice