The 2024 Benefits Landscape: What
Employees Really Want

The math is hard, and it's getting harder. More than 11,000 Americans are turning 65 every day, a pace that will continue through 2030.¹ And yet the traditional infrastructure that supported previous generations in retirement has largely eroded. In 1975, about 39% of private-sector workers were covered by a defined benefit pension plan. By 2023, that had fallen to 11%.

Social Security, even if fully solvent, only replaces about 40% of pre-retirement income. Our Wealth Watch research finds that less than one in five Americans say they have a retirement strategy. People have spent their careers focused on accumulation, but turning those assets into a reliable income stream is a fundamentally different challenge. It requires a different set of tools..

The math is hard, and it's getting harder. More than 11,000 Americans are turning 65 every day, a pace that will continue through 2030.¹ And yet the traditional infrastructure that supported previous generations in retirement has largely eroded. In 1975, about 39% of private-sector workers were covered by a defined benefit pension plan. By 2023, that had fallen to 11%.

Social Security, even if fully solvent, only replaces about 40% of pre-retirement income. Our Wealth Watch research finds that less than one in five Americans say they have a retirement strategy. People have spent their careers focused on accumulation, but turning those assets into a reliable income stream is a fundamentally different challenge. It requires a different set of tools..

The math is hard, and it's getting harder. More than 11,000 Americans are turning 65 every day, a pace that will continue through 2030.¹ And yet the traditional infrastructure that supported previous generations in retirement has largely eroded. In 1975, about 39% of private-sector workers were covered by a defined benefit pension plan. By 2023, that had fallen to 11%.

Social Security, even if fully solvent, only replaces about 40% of pre-retirement income. Our Wealth Watch research finds that less than one in five Americans say they have a retirement strategy. People have spent their careers focused on accumulation, but turning those assets into a reliable income stream is a fundamentally different challenge. It requires a different set of tools..

The math is hard, and it's getting harder. More than 11,000 Americans are turning 65 every day, a pace that will continue through 2030.¹ And yet the traditional infrastructure that supported previous generations in retirement has largely eroded. In 1975, about 39% of private-sector workers were covered by a defined benefit pension plan. By 2023, that had fallen to 11%.

Social Security, even if fully solvent, only replaces about 40% of pre-retirement income. Our Wealth Watch research finds that less than one in five Americans say they have a retirement strategy. People have spent their careers focused on accumulation, but turning those assets into a reliable income stream is a fundamentally different challenge. It requires a different set of tools..