A survey released today by the National Association of Personal Financial Advisors found that 82% of working U.S. adults feel stressed about their finances, and nearly one-third (32%) spend half an hour or more during a workday thinking about their finances. The association commissioned a poll of more than 2,000 adults in September. Among the findings was that 79% of respondents believe employers should be more aware of their employees’ financial struggles. Nearly three in five respondents (58%) have contributed less money toward retirement due to inflation, and close to half (49%) of respondents felt they could not retire comfortably on their employer-sponsored retirement plan alone.
ABA reminds CFPB of key recommendations on mortgage servicing reform
ABA reiterated several key recommendations it first outlined in 2024 in response to CFPB’s proposed revisions to Regulation X’s mortgage servicing rules.
