Twelve percent of workers facing higher health premiums reduced retirement contributions, LIMRA found.
Among Gen Z employees facing increases, 21% cut retirement savings.
Most workers spend less than an hour reviewing and enrolling in workplace benefits.
Higher health insurance premiums are prompting some Americans to sacrifice retirement savings as they struggle to balance competing financial demands.
LIMRA's 2026 Benefits and Employee Attitude Tracker (BEAT) Study found that more than three-quarters (77%) of employees enrolled in workplace medical coverage saw their premiums increase in 2026, including 17% whose premiums rose by more than 10%. About half of those facing higher premiums changed their spending or benefits decisions in response:
Credit card debt hits a new record: Americans owed $1.29 trillion on their credit cards at the end of September, an increase of $22 billion in just three months and $52 billion over the past year. Household debt keeps climbing: Total U.S. household debt reached $19.1 trillion in the third quarter of 2026, while the percentage of outstanding debt in some stage of delinquency increased. A mixed sign...
Expanded cheese recall: Family Farmstead Dairy is recalling all of its raw mild and sharp cheddar cheese products because they may be contaminated with Listeria monocytogenes, a potentially dangerous bacterium. Distributed in 12 states: The recalled cheese was sold in retail stores across the Northeast, Mid-Atlantic, and parts of the South, including Virginia, West Virginia, and Tennessee. Second...
Grocery prices jumped 0.4% in October, reversing September's 0.1% decline and ending a period of relative stability in food costs. Snacks and beef led the increases, rising 1.0% and 0.9%, respectively, while fruits, vegetables, and dairy products also became more expensive. Nonalcoholic beverages were the only major grocery category to register a decrease, falling 0.3%, while cereals and bakery pr...
Brand loyalty could cost you money this Black Friday: Being willing to switch brands gives you more opportunities to find a better deal. 43% of Black Friday shoppers are keeping their options open: New research finds they're considering multiple brands and waiting for discounts before making a final decision. A little homework now could pay off later: Comparing similar products, checking price his...
