High inflation and depressed stock markets: Retirement readiness among the higher education workforce
How do higher education employees view their retirement readiness in the context of a volatile and depressed stock market and price inflation not seen in 40 years?
Rampant inflation. Depressed stock markets. A global pandemic in its third year. Maintaining financial well-being in such an environment can be difficult—especially retirement readiness, which depends upon a series of actions and decisions that are certainly more challenging in tough economic circumstances. This report examines retirement readiness among full-time employees in higher education, a sector hit hard by COVID-19 and other recent challenges.
CUPA-HR and the TIAA Institute surveyed a sample of 1,327 faculty, staff and administrators employed full time by a public or private nonprofit college or university. The survey was conducted online between March 1 and April 11, 2022. Responses were weighted to be representative of the full-time higher education workforce.
This is the second report in a series. Read the first report: Responding to job hunting among higher ed employees
Read the third report: Financial literacy and financial well-being among the higher education workforce
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