Over the past few years, I’ve had the pleasure of talking with hundreds of business owners—getting to know more about their growing businesses and also what’s top of mind for them as employers. The topic that comes up again and again is financial security — not just for their business, but for their employees, too. These business owners understand the mental and emotional relief for employees that comes with being financially secure. And they want to do more to help employees feel more secure.
Their comments align with the research coming out of the 2022 Global Financial Inclusion Index (Index). The Index ranks the U.S. as the second most financially inclusive market, driven largely by the financial system and employers’ support of individuals. Yet, employer support is far from consistent. Larger companies have an edge when it comes to offering benefits that increase their employees’ financial security.
