In April, consumer sentiment fell to 50.8, its second-lowest level in over 70 years. According to a recent CNBC survey, 73% of Americans are financially stressed, with 86% citing inflation and 75% citing interest rates as the top reasons for the stress. Needless to say, the prospect of buying a home right now is daunting for many Americans.
For employers, that presents both a challenge and an opportunity: helping employees through what is arguably the biggest financial decision they will make in their lives — their home. A new category of employee benefits has recently emerged to meet that need: mortgage-as-a-benefit. These programs give employers a tangible way to support financial wellness while offering employees a leg up in a historically tough housing market.
