Viewpoints about Financial wellness
-
Another rising cost for employers: financial stress
Workers are stressed about a lot of things, including their finances. We’ve identified the cost of that stress and how you can help your workers manage it and improve their financial well-being.
Read more -
Workers want help making these financial decisions
Decision-making fatigue—just another unexpected side effect of the pandemic. With so much uncertainty, it’s no wonder that 82% of our retirement plan participants say they’d like to be more confident making financial decisions. And they’ve told us the types of help they need.
Read more
-
Not what we expected—a chance to help reduce financial stress
As we start the new year, I can’t help but think that 2021 wasn’t what we expected—and I have to wonder what 2022 has in store for us. We recently took a look at stress, finances, and well-being in our eighth annual survey, and it seems that our retirement plan participants are feeling the same way: The pandemic has had a complicated effect on American workers and their finances. But one finding is loud and clear—people want help making financial decisions, and they want help from their employers, financial professionals, and their retirement plan providers.
Read more -
Financial wellness programs can help increase employee loyalty and reduce stress
Even before 2020 became a four-letter word, financial stress was on the rise among Americans—and the pandemic has made it worse. In our latest financial stress survey, we learned how employees feel about financial programs and the types of help they’d like from their employers.
Read more
-
The what, why, and how of financial wellness programs
Employer adoption of financial wellness programs has doubled in five years. But do they work? And how do you implement one?
Read more -
Financial wellness begins with an emergency savings account
Employees who have built up emergency savings are better equipped to contribute to their 401(k) plan and less likely to tap the plan for loans—and that’s good for both employee financial wellness and the overall plan health.
Read more
-
How a lot of the financial wellness buzz misses the point
Financial wellness is being discussed all over corporate America, among financial professionals, retirement plan sponsors, and recordkeepers. Unfortunately, the term can be ambiguous, with different meanings in different settings.
Read more -
How can millennials achieve financial wellness?
As we’ve learned in our annual financial stress survey, far more millennials report feeling financially stressed than baby boomers do, and they spend more time than older workers worrying about personal finances at work.
Read more -
Gen X needs help with financial wellness while planning for retirement
Generation X is under more financial stress than their younger and older co-workers, and they're further behind in saving for retirement.
Read more