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 […]
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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
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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
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The holiday season is a time to take a break. But it’s often overlooked that personal commitments, travel plans, and extra pressure to wrap up the year strong at work, leave employees feeling overwhelmed. This year in particular, as the holiday stress sets in, holiday spending will be top-of-mind as employees navigate a new
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There are no shortages of articles, surveys, and blogs that are talking about the desperate impact of the COVID-19 recession on family budgets. One aspect that hasn’t been talked about enough is how working families are financially struggling. According to the Bureau of Labor Statistics, more than 65% of households are dual income households.
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Financial stress is known for having a negative impact on employee productivity, engagement, and mental health. In fact, 86% of employers themselves characterized financial wellness programs as being important. Now, more than ever, employees are looking to employers for financial help in some of these various forms: Financial education Student loan forgiveness Employer-sponsored loans
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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
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Do you prioritize wellness in the workplace? Mental health is one of the biggest deterrents of physical health, and is considered for many a taboo topic in the office. According to an American Psychological Association study, 72% of Americans said they felt stressed about money, which can quickly turn into feelings of anxiety and
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We all experience stress, sometimes more often than not, and it’s no secret that the pandemic has had an undeniable effect on employee stress levels. Common workplace challenges including fatigue, employee burnout, low engagement, and reaching and exceeding goals, in addition to normal day-to-day responsibilities, have been particularly difficult in recent months. According to MetLife’s
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