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Poor money management has become the number one reason for consumers to seek financial counseling, overtaking reduced income for the first time in five years.
Even as the economic climate improves, consumers temperaments are still uneasy, and many employers are offering their staff a litany of additional benefits, including financial consultations, as part of a broader band of retention benefits.
Nick Otto is a former senior editor of Employee Benefit News and Employee Benefit Adviser.
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Even high-income employees are uncertain about where to put their next dollar, highlighting the need for workplace guidance on financial wellness.
New NFP research finds 72% of workers are behind on retirement as rising costs, competing priorities, and financial stress make saving harder.
A new survey highlights a disconnect between disability benefits availability and employee confidence in using those benefits when health issues arise.
Trained technology can offer day-to-day support for administrative tasks and important interactions with team members.
Only 14% of workers let managers know they're struggling, according to a Headspace report, highlighting a missed opportunity for intervention.
