A recent report released by Hello Wallet, covered by The Washington Post, reveals that three out of five American workers are taking on more debt than the amount they are putting away for retirement.  The amount workers nearing retirement (ages 55 to 64) have dedicated to paying off debt has increased by nearly 70% in the last twenty years. This may cause their standard of living to decline when they retire because resources that could have been dedicated to retirement savings were instead diverted to eliminate debt and additional debt obligations may remain even after workers reach retirement, straining their fixed income.

Are your participants looking at their full financial picture, not just their retirement balance?