Everyone understands the value of money. Everyone understands that saving is important. Everyone understands how debt can hurt them… Yet financial literacy is one of the hardest things for Americans to tackle and understand. Americans have a financial literacy problem. Through a number of different studies, it’s been found that this financial literacy problem applies […]
Americans have a serious financial literacy problem Read More »
We know that when employees are less stressed about their finances, they perform better at work. Less stressed More productive Easier to retain Increased satisfaction However, most organizations aren’t talking about “financial diversity” specifically. What do we mean when we say “financial diversity”? “Diversity in banking, accounting, pricing strategy, and other parts of the financial sector
How to encourage financial diversity in the workplace through employee benefits Read More »
Financial wellness programs are no longer new. Everyone has been talking about them and everybody knows about them. With that said, to ensure we’re all on the same page, what is a financial wellness program? It’s typically an addition to standard employee benefits like retirement planning and investing information. Financial wellness (or financial wellbeing) specifically
What Your Financial Wellness Program is Missing…. Read More »
Financial wellness is a topic that has gotten a lot of attention lately. In May 2020, nearly 75% of 700 retirement plan decision-makers reported the financial wellness programs they offer were in greater demand, with 28% recording a sizable uptick in employee usage. Though many financial wellness programs today focus on things like financial literacy
3 Actionable Solutions to Include in Your Financial Wellness Program Read More »
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 »
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