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The State of Financial Wellness in America

Key Takeaways

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 Research¹by 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.

To view a summary of Prudential's research, read The State of Financial Wellness in America

You may also be interested in other Financial Wellness topics.

¹Prudential, 2017 Financial Wellness Study. Based on a survey of full-time employees who have medical insurance; therefore, the results may appear higher than comparisons to national averages.

² Among respondents who are very or somewhat stressed. Respondents could select more than one reason.

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Prudential’s research study offers employers actionable steps for improving RTW outcomes. The paper focuses on thought processes that play a role in employees’ return to work and productivity. What’s more, it provides employers with best practices to help employees overcome psychological hurdles and successfully return from disability.

The Power of the Wellness Effect

Mar 20, 2020

This paper describes how a financial wellness approach to employer-sponsored benefit programs, focused on helping employees achieve financial security, can help improve the wellness of employees and employers alike – a result Prudential terms “The Wellness Effect.”

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Where LINK by Prudential is made available in connection with certain Financial Wellness products, access is made available through Prudential Workplace Solutions Group Services (“PWSGS”). PWSGS provides access to a number of Financial Wellness products, services, seminars and tools offered by PWSGS, its affiliates or third parties. PWSGS is a subsidiary of Prudential Financial, Inc. PWSGS is not a licensed insurance company, does not provide insurance products or services and does not provide financial, investment or other advice. Individuals should consult appropriate professionals when making financial, investment and tax decisions.

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The State of Financial Wellness in America

Key Takeaways

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