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FACT OF THE WEEK
 

1 in 4 workers decreased their retirement plan contributions when the cost of their health care plans increased

Among US workers aged 21-64, "approximately one-half (48%) report having experienced an increase in health care costs [premiums or cost-sharing] in the past year" according to an analysis of EBRI's 2017 Health and Workplace Benefits Survey. "Of the workers reporting cost increases in their plans in the past year, 26% state they have decreased their contributions to retirement plans, and 43% have decreased their contributions to other savings as a result." (p. 10- 11)
       
 
 
         
Fronstin, P. (2018). Workers rank health care as the most critical issue in the United States. Employee Benefit Research Institute Notes, 39(1), 1-14. Retrieved from this source.
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