Why is talking about money frowned upon so much? Sure, bragging about how much you make is tacky. And divulging how much you spend on something extravagant isn’t always needed…but it is important to talk about the other side of money. It’s important to start talking more about saving, investing, how to get out of […]
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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
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In 2021, student loan debt hit about $1.7 trillion across 45 million borrowers. Student loan debt has always been a burden for many. In fact, 3 in 4 respondents associate negative feelings with their loans. Of those: 41% feel frustrated 34% feel hopeless 26% feel angry 22% feel ashamed Around 150 million workers are currently
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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 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 »
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
3 Reasons You Should Offer Your Employees an Online No Credit Check Loan Program Read More »
When determining the components of an Employee Assistance Program, it’s important to look at what exactly this program can encompass. As defined, “An Employee Assistance Program (EAP) is a voluntary, work-based program that offers free and confidential assessments, short-term counseling, referrals, and follow-up services to employees who have personal and/or work-related problems.” In short, an
Should Financial Wellness be a Core Component of an Employee Assistance Program? Read More »
Credit in the United States is integral to the development of the consumer economy. Put simply, credit allows you to borrow money or acquire goods and services with a mutual understanding that you will pay down the road. Brief Credit Overview… When attempting to purchase goods or services using credit, a lender of the
Loans with No Credit Check: Harmful or Helpful? Read More »
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