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0.000758917278016725 0.000758917278016725 0.000758917278016725 -0.00113837591702509 -0.00050594485201103 0.00632431065013913 0.00101694915254234 0.00303566911206672
Stock impact report

T. ROWE PRICE: 401(K) LOAN SIZES OUTPACED INFLATION IN 2024, HIGHLIGHTING THE IMPORTANCE OF EMERGENCY SAVINGS AND FINANCIAL WELLNESS FOR RETIREMENT SAVERS [Yahoo! Finance]

NBT Bancorp Inc. (NBTB) 
Last nbt bancorp inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: nbtbancorp.gcs-web.com/investor-relations
Company Research Source: Yahoo! Finance
BALTIMORE April 16, 2025 /PRNewswire/ -- T. Rowe Price , a global investment management firm and leader in retirement today published its annual benchmarking report on 401(k) plan design and participant behavior, and found the average loan size grew by 4%, slightly higher than inflation in 2024. Participants across all age groups saw increases in average loan size, including those closer to retirement age, suggesting that financial wellness challenges are not felt solely by younger age groups. Loan usage also saw an uptick, increasing by two points since 2023, but remains below the 2015 to 2019 highs. Meanwhile, data from a financial wellness questionnaire, hosted by T. Rowe Price for its 401(k) participants, found that 64% of respondents are unable to cover six months' worth of expenses. Those who said they did not have six months of emergency savings were also two times more likely to have taken a loan. "With rising inflation, market volatility, and ongoing economic shifts, the Show less Read more
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