Financial wellness

Sixty-five percent of young workers believe that employers should help them achieve higher levels of financial wellness post-pandemic.

Employees are choosing to live in the now, rather than save for their long-term goals.

Together, innovative offerings can create an impactful suite of financial benefits.

Employees are still feeling unstable when it comes to their ability to manage their finances and plan for the future.

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.

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.

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.

Tim Flacke, executive director of financial security nonprofit Commonwealth, outlines steps employers can take to support their entire workforce.

Recommending employer-sponsored emergency funds can help reduce financial anxiety when facing unexpected life events that disproportionately affect females.