According to a 2024 financial wellness survey, 86% of full-time employees are worried about their finances. Meanwhile, other research indicates that financial concerns adversely impact employee sleep, mental health, self-esteem, physical health, and relationships at home. Unfortunately, employee concerns about finances often trickle into the workplace, making workers more distracted, less engaged, and more likely to seek a higher-paying job. That’s reason for concern — and reason for employers to take action.
Employees have expressed a growing desire to improve their financial literacy and knowledge, and they want help from employers to achieve this goal. In fact, according to one survey, employee interest in financial wellness jumped from 17% in 2023 to 35% in 2024. Improving employee financial wellness is a critical need that employers and HR teams are uniquely qualified to address through their benefit plans, and with a multigenerational workforce, there’s no shortage of topics.
