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Key Takeaways
- Access to paid family and medical leave in the U.S. lags behind other developed countries.
- The COVID-19 pandemic was a wake-up call that workers need a permanent solution for paid leave.
- Public-private partnerships have a proven history of promoting financial security in the U.S.
Being forced to take a leave from work without pay can impact workers’ financial security, physical health, and emotional health. While the Families First Coronavirus Response Act (FFCRA) provides temporary paid leave for those personally impacted by COVID-19, a more permanent solution is needed that can better support the needs of America’s workers, especially those who are most vulnerable.
Fortunately, there is growing support for paid family and medical leave. A handful of states have been leading the charge to establish paid leave programs, while in the private sector, many larger employers already provide some type of paid leave. Prudential strongly advocates for a public-private partnership to create a comprehensive paid leave solution that is consistent for all of America’s workers. The private sector is eager to work with the public sector to make it happen.
Read More
To learn more, read Paid Family and Medical Leave: Opportunity for a Public-Private Partnership PDF Opens in a new window.
You may also be interested in other Financial Wellness opens in a new window topics.
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