With inflation running rampant—despite slowing slightly, year-on-year inflation sat at 8.5 percent in July—individuals have to invest. But according to a new survey from Principal Financial Group, that's something most workers aren't comfortable doing.
The survey, which looked at data from almost 700 U.S. residents, found that while a third of workers are comfortable making their own investments, more than half want someone else to make their investment decisions to help them reach their retirement goals. This creates a huge opportunity for plan sponsors.
In fact, almost one in three survey participants said they don't even know what their money is invested in, and the number-one feeling they reported was "not confident."
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