Jun 02, 2017financial planning,financial wellness,employee benefitsSA-Articles
57% of employees are very or somewhat stressed about their financial situations.
Sources of stress include saving for the future, paying monthly bills, and credit card debt.
Employers can take several steps to help employees improve their financial wellness.
Findings from Employee Self-Assessments Research1 by Prudential sheds new light on how employees at a national level view their own financial wellness. An alarming 57% of employees are very or somewhat stressed about their financial situation. The top 3 reasons for financial stress are saving for the future (67%), paying monthly bills (57%), and credit card debt (42%) 2.
This report highlights:
The state of financial wellness in the U.S.
How employees assess their behaviors when it comes to managing day-to-day finances, achieving important financial goals, and protecting against key financial risks.
What employers can do to help employees improve their financial wellness.
Prudential offers unique perspectives, based on insights gleaned from experiences as both a retirement and group insurance provider, on ways employers and their consultants or advisors can optimize their complete portfolio of benefit offerings.
The “gig economy” has become a significant source of employment for three generations of Americans – Millennials, Gen Xers and Baby Boomers. But no matter what age or lifestyle stage, all face challenges achieving financial wellness.
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