Most student loan borrowers made no payment during U.S. freeze
The Fed estimates 11.5 million borrowers may not be able to resume paying once the freeze is lifted.
Financial planning
Employees are skipping meals out to save more for retirement
In an effort to keep up with retirement goals, many Americans are foregoing short-term spending.
Do student loan repayment benefits make the grade?
As the future of federal student loan debt and forgiveness remains uncertain, employees are looking to their employers to help shore up their financial futures.
For White House staffers, Biden’s decision on student loan forgiveness is personal
At least 30 senior White House staffers have student loan balances.
Benefits Think Understanding and evaluating earned wage access solutions
EWA solutions are still relatively new, and as such, understanding how to evaluate an EWA provider can be tricky. Here’s what to consider when evaluating EWA solutions.
Matt Bahl
Financial Health Network
Fed to curb inflation without raising unemployment
The US central bank’s interest-rate increases may lead to somewhat higher unemployment.
Biden’s team eyes $125,000 income cutoff for student loan relief
The Biden administration has repeatedly extended a temporary freeze on student debt payments enacted shortly after the pandemic began in 2020.
Long story short: Help employees tackle these top stressors
Employees have a lot on their plates — here’s how to help them manage their stress and strike a healthier balance in and out of work.
Financial literacy matters to Gen Z — and they want employers to help them
Sixty-five percent of young workers believe that employers should help them achieve higher levels of financial wellness post-pandemic.
Millennials and baby boomers are saving — just not for retirement
Employees are choosing to live in the now, rather than save for their long-term goals.
Benefits Think It’s time for new financial security benefits that meet low-income workers’ needs
Together, innovative offerings can create an impactful suite of financial benefits.
Timothy Flacke
Commonwealth
Employees spend 25% of their workday worrying about money
Employees are still feeling unstable when it comes to their ability to manage their finances and plan for the future.
Entrepreneurs thrive in pandemic that was supposed to crush them
Some of the COVID-era entrepreneurship may have been born of necessity, as people who lost their job in the initial wave of lockdowns set up their own businesses in an effort to make ends meet.
Benefits Think Preparing for the end of the student loan payment pause
Strategies include implementing a matching program or student loan management solution to help pay down debt, as well as a 529 plan for parents saving for their child’s educational future.
Kristen Carlisle
Betterment at Work
If you cashed out your retirement plan during COVID, here’s how to rebuild
For people who tapped into their retirement accounts during COVID to manage financial strain, a certified financial planner shares a few ways to get back on track as quickly as possible.
How to boost financial security and savings among low-income workers
Tim Flacke, executive director of financial security nonprofit Commonwealth, outlines steps employers can take to support their entire workforce.
Podcast Payback’s a bitch
As the talent market heats up, one trending benefit may have near-universal appeal to prospective employees: student loan repayment.
Benefits Think How advisers can better support the financial needs of working women
Recommending employer-sponsored emergency funds can help reduce financial anxiety when facing unexpected life events that disproportionately affect females.
Kristen Carlisle
Betterment at Work
Employees want financial wellness more than they want PTO
Between traditional perks and benefits and more security employees will choose the latter — and they’ll leave your company to find it.
The student loan moratorium is coming to an end. What employers can do to prepare
Dan Macklin, CEO of Salary Finance, chats with EBN about strategies to manage employees’ economic uncertainty.
