Comprehensive Financial Wellness Programs: What To Expect In 2021?

The economic impact of Covid-19 amplified the crisis situation facing many working families. Pre-Covid-19, 78% of the population lived paycheck-to-paycheck and 69% of Americans didn’t have $1,000 to cover an unexpected expense. These staggering statistics indicate that the financial fragility of our country is both pervasive and widespread. Living paycheck-to-paycheck means that the people in…

Helping employees engage in financial wellness at the workplace – why, how, and when

“According to PwC, today’s employees are unprepared for an extended economic downturn or recession, with more than one-third of full-time employed millennials, Gen Xers, and baby boomers having less than $1,000 saved to deal with unexpected expenses. CreditWorks CEO and Founder Marion Mathes shared her thoughts with BenefitsPRO on why financial wellness programs are essential…

Better for Employees, Better for Business

The Case for Employers to Invest in Employee Financial Health. In a new survey of 1,000 full-time employees of mid-sized and large U.S. firms, the Financial Health Network finds widespread evidence of financial fragility. This financial stress has spillover effects on employee productivity. Employers have an opportunity to reduce employee stress, improve retention and engagement,…