New York Sues Donald Trump, Company and Family Members Over Widespread Fraud Claims, Seeks at Least $250 Million in PenaltiesThe reduced savings is concerning, as"more wealth is being created in the workplace than anywhere else," according to Brian McDonald, head of Morgan Stanley at Work.
The fact that employees have reduced their 401 contributions year over year is concerning, McDonald said, as they miss out on taking full advantage of their work retirement plans and the compounding interest that can help them build wealth over time. "The conversation is more around financial well-being, and that trend is certainly gaining momentum," McDonald said.
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