The holidays bring so much joy and cheer, but they can also bring a lot of stress and chaos. Americans spend more money over a quick 60-day period at the end of each year than they do any other month throughout the year. Contrary to what one might assume, holiday spending was actually up in […]
4 Tips to Reduce Financial Stress and Save More Than $1,900 Per Year, Per Employee Read More »
Back in July of 2020, TrueConnect completed a survey that consisted of 698 HR professionals. Just under 60% of those surveyed stated that they have struggled financially more than usual this year. The top three reasons for this were: Unplanned expenses A spouse/partner lost work The person surveyed lost work or suffered a pay cut
Why Consumers’ Credit Scores Are Hurting Due to Covid-19 Read More »
As of the current moment, millions of Americans are living off of unemployment. The current unemployment rate is at 6.7%, which may be lower than the 8% high a few months ago, but it’s still higher than the beginning of 2020. For perspective, the unemployment rate in February 2020 was at 3.5%. Yes, the pandemic
How the Unemployment Rate Affects Everybody, Even Your Employees… Read More »
Nationally, the open enrollment period for the Affordable Care Act this year is from November 1st, 2020 to December 15th, 2020. This is the time period where Americans can shop around in the marketplace for new healthcare, dental, and vision plans. Around this same time, you and most other employers likely held your own open
You Know You Can Still Take Advantage of Benefits Outside of Open Enrollment? Read More »
Predatory lenders use unfair and deceptive practices that mislead people into taking out loans that aren’t in their best interest. A common example is payday loans. These are loans marked by high-interest rates (typically in the range of 100-400%) and require some kind of collateral as a deposit. Many states have taken action and adopted
4 Ways Predatory Lending Negatively Affects Employee Engagement Read More »
Your organization is successful because of your employees, which means their engagement is everything. After all, an engaged employee is a happy employee. With Thanksgiving just around the corner, this is a time to give thanks. Are you showing appreciation to your employees besides just paying their wages? Employee appreciation is about acknowledging a person’s
6 Ways to Express Employee Appreciation Read More »
Financial wellness programs are here to stay. Here’s the proof: 86% of employers characterize financial wellness programs as “important” 42% say they offer financial wellness programs 19% are in the process of implementing programs 19% say they plan to introduce financial wellness programs within the next three years. Over the last few years, the
How Two Organizations Interpret “Financial Wellness” Read More »
Many Americans have found themselves suffering from the current economic recession and it’s never been more difficult to anticipate the future. Millennials, in particular, are in a vulnerable position around their finances. Tell me more… Those who are born between 1981 and 1999 fall into this category and have accumulated notably less wealth than their
Millennials Are the Majority Workforce – Are Their Finances Screwed? Read More »
Many employers now offer financial wellness programs for their employees in the form of simple education or counseling. However, many financial wellness programs don’t actually provide support for one’s current financial problems. In other words, they don’t provide a solution to access cash to pay off debt or unexpected emergencies. To provide
4 Reasons to Convince You (or Your Client!) An Employee Loan Program Is Non-Negotiable Read More »
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