To some employees, “financial security” can feel like an impossibility.
Since the onset of the pandemic, 91% of employees say they have faced a personal financial issue, whether struggling to maintain a household budget, reduce debt or build emergency short-term savings, according to research from Morgan Stanley at Work. But the roots of these financial issues had taken hold long before COVID entered our lives, says Uzrad Lew, founder and CEO of fintech startup Younity, formerly 2020 Capital.
