To address persistent financial uncertainty across the workforce, benefit managers need to have a proactive and flexible approach, tailoring their benefits and communication for each generation employed today.
According to HSA Bank’s annual Health and Wealth Index, money causes a greater toll on mental health for Gen Z and millennials than for Gen X and baby boomers. Gen Z and millennials both experience significant financial stress, with 45% of both generations reporting that money negatively impacts their mental health. Additionally, 54% would consider switching jobs for better benefits, according to the report.
