Learn insights gathered through a recent survey of HR decision-makers on their awareness of and investments in employee financial health.
On May 17, Square announced that it will be extending Afterpay’s BNPL services to its in-store merchants in the United States and Australia. This news comes a mere 3 months after Block’s acquisition of Afterpay, which is aimed at introducing BNPL capabilities across all of Block’s online commerce and in-person sales ecosystem.
As the debt crisis deepens, investing in the financial health of their workforces can yield big benefits for both employers and employees.
When offered digital financial wellness tools, which workers use them most? Explore how various employee groups engaged with a mobile app rolled out by University Federal Credit Union in Austin, Texas.
Earned Wage Access — also known as earned wage advance or on-demand pay — has steadily grown. As recently as 2020, nearly 55.8 million individuals were using some EWA solutions, as there are both employer provided and direct to consumer options. As EWA solutions have grown in popularity, there has been a steady stream of questions as some employers remain skeptical about the utility and benefit of EWA products. While there are certainly questions that need further investigation, it does appear that EWA solutions are here to stay.
Over a decade since the Occupy Wall Street movement took over New York City’s financial district to protest banks’ greed and growing wealth inequality, Americans are actually paying less for their banking.
The Financial Solutions Lab, an initiative launched and managed by the Financial Health Network in collaboration with founding partner JPMorgan Chase & Co. and with support from Prudential Financial, today announced that it has selected six organizations for its 2022 Accelerator program which is focused on financial benefits and tools.
American households spent nearly $11 billion on overdraft charges last year, a cost that the Consumer Financial Protection Bureau has labeled a “junk fee.” That number might seem staggering, but it’s actually a lot less than consumers used to pay pre-pandemic, according to the Financial Health Network’s FinHealth Spend Report 2022 released Thursday.
In the continuing war for talent in the American workplace, employers have been adding more perks to attract and retain employees. That includes paying more attention to the financial well-being of their workers.
Data-driven understanding of employees’ needs can inform design and delivery of benefits programs that increase equity in employee financial health.
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