Women are increasingly responsible for providing benefits and financial support to their families, but are frustrated with what’s available through their workplace. Benefit managers play a key role in identifying and filling the gaps.
Currently, fewer than 60% of women with a household income of less than $50,000 reported knowing enough about managing money, insurance and benefits, according to survey findings from financial solutions and insurance firm The Standard. Their research looked for correlations between income and benefits education and satisfaction. For example, those in higher income brackets reported being more savvy in these areas, but less satisfied with benefit options.
