Financial Wellness in Higher Education
Employee financial well-being is a growing focus for employers across all sectors of the economy, including higher education. Retirement income security is integral to financial wellness, but other components matter as well. This session will examine financial well-being across full-time faculty, staff and administration at public and private non-profit colleges and universities, with a focus on retirement readiness. The discussion will leverage findings from the recently released Higher Education Financial Wellness Survey, a new joint initiative of CUPA-HR and the TIAA Institute. The survey provides HR leadership and staff with sector-specific workforce insights along the dimensions of retirement saving, planning, priorities and expectations, as well as broader financial standing and financial practices, including debt and debt management, non-retirement saving and use of financial advice.
Paul Yakoboski, Senior Economist, TIAA Institute, and Rob Shomaker, Vice President and Chief Operating Officer, CUPA-HR,