Student Debt Relief: Questions Employers Face
Student debt has been both a prohibiting factor and financial health burden for college-goers for decades. The cost of college has increased 169% since the 1980s, while college graduate pay is up only 19%. This has caused many college graduates and future college students to question not only the value of a college degree, but also the negative impact college debt has or could have on their lives.
Americans know what they want from companies. It’s time to listen
Across every demographic group—whether it’s political affiliation, race, gender, or income level—Americans want companies to invest in their workforce and pay a fair living wage.
Many Low-Wage US Breadwinners Find Themselves Financially Vulnerable
A new report offers a first-ever glimpse into the financial health of workers in low-wage jobs revealing that many struggle with savings, insurance coverage, and paying for basic living expenses.
Low-wage employees report high levels of financial stress—and it’s impacting their productivity at work
Financial stress is real for Rita Blalock, 56. In fact, it’s nearly constant companion these days.
New Financial Health Data Finds that Despite a Majority of Workers in Low-wage Jobs Deemed Family Breadwinners, Only 13% are Considered Financially Healthy
New report offers first-ever glimpse into the financial health of workers in low-wage jobs revealing that many struggle with savings, insurance coverage, and paying for basic living expenses
Financial Health of Workers in Low-wage Jobs
Our findings suggest that investing in the financial health of workers in low-wage jobs – defined as earning up to $17 per hour in hourly wages or up to $35,360 per year in annual wages – can be an effective strategy for employers to ensure a stable and productive workforce.
Workplace Financial Health Innovation: Rolling Out Credit- and Debt-Related Benefits for Your Employees
As many employees struggle with unmanageable debt, employers can make a difference by providing credit- and debt-related financial wellness solutions. Here are fiscal, legal, and regulatory considerations for businesses to keep in mind as they develop offerings to help employees manage debt, build credit, and improve their financial health.
Is your health plan damaging your workers’ financial health & undermining your wellness efforts?
Some emerging best practices can help employers advance the financial and overall health of their workforce.
Medical Debt Is Hurting Your Employees – Here’s How To Help
As the debt crisis deepens, investing in the financial health of their workforces can yield big benefits for both employers and employees.
Financial Health Solutions: Promoting Employee Financial Health With a Mobile App
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.
Understanding and evaluating earned wage access solutions
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.
Should employers offer financial education to their workers? More are saying yes amid the Great Resignation
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.