Financial wellness programs have gained traction in the past few years as employers realize that retirement education programs aren’t enough to ensure their workers have a financially secure future. Instead, experts say employers need to dig deeper into employee financial problems that have nothing to do with retirement.

According to a recent study by AFS 401(k) Retirement Services, more than 98% of respondents saved money in a retirement plan, but 71% claimed they didn’t have an emergency fund to cover three months of expenses. And, 62% of respondents said they carry a credit card balance and 35% said they have student loan debt, the retirement plan advisory firm found.

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