In the new 2020 Financial Literacy Survey, 78% of U.S. adults agree they could benefit from advice and answers to everyday financial questions from a professional, considering what they already know about personal finance.
Especially now, with American debt and unemployment at alarming rates, there are more questions than answers from U.S. citizens coupled with a lot of uncertainty.
According to our own research, 3 out of 4 employees say that it’s important to them that their employer offers financial wellness benefits.
Financial wellness benefits can come in many different forms from employer-sponsored small-dollar loans, early wage advance programs, and financial counseling to name a few. To learn more about each program, check out this PDF.
Additionally, there are many online publications and organizations that are great financial wellness resources and cover financial wellness insights and trends, including regulation changes and answering dynamic financial questions.
Here are some of our favorite online, and free, financial wellness resources.
Check these resources first
American Banker
American Banker provides detailed and timely information across all facets of the fintech space. From regulation changes to personal finances to transformation and disruption to SMB-Enterprise financial impacts, American Banker presents the facts.
Some interesting, recent articles:
- Uncertainty About CFPB Has Banks Leery of Small-Dollar Lending
- Regulators Unite on Small-Dollar Loan Principles for Banks and Credit Unions
Small fee to subscribe.
BenefitsPro
When it comes to benefits, BenefitsPro has it all. For brokers, HR departments, organizational leaders or staff, BenefitsPro provides content on the news, resources and helpful tools to be successful.
Some interesting, recent articles:
- Financial satisfaction dives as workers and retirees face pandemic losses
- Retirement savings were more exposed to market risk due to COVID-19
- 10 million Americans expected to lose employer-sponsored insurance this year
Free.
Consumer Financial Protection Bureau (CFPB)
The CFPB keeps all financial organizations safe and secure. To stay up-to-date on all rules and regulations, the CFPB is your one-stop shop. Stay informed with their resources, assets and financial tools.
Some interesting, recent articles/resources:
- Protecting your finances during the coronavirus pandemic
- Understanding payday loans
- CFPB Requests Information on Ways to Prevent Credit Discrimination and Build a More Inclusive Financial System
Free.
Chime
For personal finance guidance, Chime is a great first stop. Their blog touches on topics from pet insurance to credit building to understanding personal bank accounts.
Some interesting, recent articles:
- 5 ways to save money this summer
- How to read a credit report
- Are you financially literate? Banking edition
Free.
Forbes
Forbes is relatable. When it comes to money, finance and investing, Forbes covers everything you’re looking for with a personal spin. Forbes contributors range from Millennials to Boomers, self-employed to Enterprise, and all topics under the sun.
Some interesting, recent articles:
- Employers, It’s Time To Start Supporting Your Employees’ Financial Wellness
- Experimental Census Bureau Data Showing Over 6 Million Jobs Lost In July
- How to Protect Your Credit Score During This Crisis
- Your Money And Coronavirus: A Financial Protection Guide
Free.
Stay up to date
Next time you have a finance question, whether for yourself or your organization, check these resources out first. Last but not least, we keep our TrueConnect blog updated 3-4/month with timely industry news and best practices.
Bookmark these 7 financial wellness resources so you can stay informed and up-to-date at all times.
What are you go-to resources when it comes to finances?
