1This study presents the findings of a national online survey, consisting of 3,011 adults, 18 years of age and older. Interviewing for this CARAVAN® survey was conducted from October 14–21, 2020, by Engine Insights, which is not affiliated with Fidelity Investments.
2https://www.benefitplans.baml.com/publish/content/application/pdf/GWMOL/2020-Workplace-Benefits-Report.pdf
3https://www.fool.com/student-loans/report-student-loans-stress-us-out-more-any-other-debt/
4https://www.forbes.com/sites/zackfriedman/2020/02/03/student-loan-debt-statistics/#27d60d85281f
5This research is based on 1,363 Fidelity employees formerly or currently enrolled in the Fidelity Step Ahead Student Loan Program. Responses were collected in November 2019.
6Fidelity analysis of 24 early adopters of the Student Debt: Direct benefit representing more than 100,000 participants. The overall turnover results were calculated from January 2019–January 2020.
7Fidelity internal survey of new hires during 2017; 159 respondents.
8Fidelity analysis of 24 early adopters of the Student Debt: Direct benefit.
9Participant age 34 prior to enrolling in Fidelity’s Student Debt Retirement program had saved only $23k Versus the $114,000 saved by their peers who were able to actively participate in their company’s 401(k) plan.
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