News from PFEEF 
August 5, 2008
 
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WEBCAST TOMORROW

Tom Garman to Present SHRM Webcast TOMORROW, Wednesday, August 6th, 2 p.m. EDT.

"Increase the Bottom Line By Helping Distressed Employees During Challenging Financial Times" is the subject of the webcast of E. Thomas Garman, President, Personal Finance Employee Education Foundation, for the Society of Human Resource Professionals (SHRM). Only SHRM members can partipate, so if necessary check with your human resources professional to watch the presentation. Over 1,000 HR professionals are expected to participate.
"NUMBERS"
 
"One-third of adults," or 76 million, say they do not have any non-retirement savings. 2008 Financial Literacy Survey (Click here)
 
"51%" have less than 3 month's income of savings. 2008 Financial Literacy Survey (Click here)
Most Pressing Financial Issues 
 
As more Americans struggle to save their homes from foreclosure, they shift their focus away from saving for retirement. According to the 2008 Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI), just 5% of workers think the most pressing financial issue they are facing is saving or planning for retirement. Survey respondents ranked the following issues higher:
 
* making ends meet (17%) 
* paying for heath insurance or medical expenses (16%) 
* making mortgage payments or paying for housing (16%) 
* paying down debt (13%) 
* fuel or energy costs (9%) 
* job uncertainty (6%)    click here

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