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To give employees the best chance at long-term financial security, benefits can’t ignore the importance of budget and credit-building education and assistance.
According to the Federal Reserve Bank of New York, household debt in Q2 of this year hit $18.39 trillion. From credit card and medical debt to student and car loans to mortgages, employees are dealing with the stress of being financially underwater, hindering productivity and engagement at work.
Lee joined the EBN team in 2022, and covers areas including caregiving, employee health and wellness, healthcare innovation, and company culture. She created EBN's popular Benefits in Action and … Read full bio
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Benefits that effectively support employee caregivers have a dramatic impact on their ability to remain healthy and productive at work.
Even high-income employees are uncertain about where to put their next dollar, highlighting the need for workplace guidance on financial wellness.
A Bank of America report reveals a disconnect between employers and employees on fiscal wellness, while educational programs can improve retention and engagement.
New NFP research finds 72% of workers are behind on retirement as rising costs, competing priorities, and financial stress make saving harder.
A new Schroders survey reveals how everyday financial pressures are reshaping retirement decisions, from reduced contributions to increased plan loans.
