A financial wellness blog by the experts at Enrich

A man with his head in his hands stressed due to his finances
26
Apr

Having More Money Does Not Mean Increased Financial Wellness

It is a common misconception that rich people don’t worry about money. In reality, it seems the wealthy often share the same anxieties as those with less money. And when it comes to financial wellness, more money does not necessarily mean healthy finances

Continue Reading

Antique alarm clock next to a jar full of coins with a label on it saying retirement
19
Apr

The Impact of Financial Wellness on 401k Loans and Retirement Borrowing

Learn why a financial wellness program can help prevent retirement borrowing and 401k loans, as well as the negative impacts retirement loans can have on an employee's future.

Continue Reading

Employees figuring out the definition of financial wellness
12
Apr

What is Financial Wellness?

There is a lot of talk about financial literacy and how a significant portion of Americans cannot pass even the most basic of financial literacy tests. The Standard & Poor's Ratings Services Global Financial Literacy Survey found that only 57% of ...

Continue Reading

Two women employees looking at a flyer about what their employers financial wellness offering includes
5
Apr

Financial Wellness Becomes One of the Most Desired Benefit Programs for 2021

The onset of the COVID-19 pandemic in 2020 changed reality for many people. Unemployment in America spiked to an all-time high of 14.8%. More people than ever in recorded history were out of work.

Continue Reading

Woman in a coffee shop stressed about her finances looking out a window
24
Mar

Data Shows Strong Link Between Financial Wellness and Mental Health

Money problems and mental health issues are intrinsically linked. According to the Money and Mental Health Policy Institute, poor finances often lead to stress and anxiety that can further impact finances. The institute found that ...

Continue Reading

A man in a hooded sweatshirt feeling anxious worried and financially insecure
19
Mar

New Health Study Shows Widespread Employee Financial Insecurity

A new survey shows an increase in employees that worry about paying for living expenses. In addition, 25% of those with anxiety and depression said that financial problems were one of the main contributing factors to their mental health problems.

Continue Reading

Employee outside of a van holding up a tape measure symbolizing measurement of success
18
Mar

Employee Financial Wellness Programs: How to Measure Success

42 percent of companies offer some kind of financial wellness benefit, with another 38 percent currently starting a program or planning to start a program. However, only about one-third of companies with financial wellness programs measure their success.

Continue Reading

Doctors asking if you have insurance or HSA money before they perform their procedure
16
Mar

HSA Course Teaches Employees How to Get the Most From Their HSA

Half of employers offer HSAs as part of their benefits package, but 69 percent of employees are not clear on the benefits or uses of the HSA. A new course on the Enrich Financial Wellness Platform teaches employees how to get the most out of their HSA.

Continue Reading

Calendar for planning employee financial wellness promotional topics throughout the year
16
Mar

Employee Financial Wellness 12-Month Promotion Calendar

Financial wellness is a result of a series of decisions and behaviors that increase financial health while reducing financial stress. Due to the ongoing nature, employers should plan a 12-month promotional plan to engage employees on timely topics ...

Continue Reading

Father enjoying retirement by playing with his son
16
Mar

Does Financial Wellness Increase On-time Retirement?

20% of American workers who are above retirement age are still working; a number that has doubled since 1985. Since the fall of pensions, employees are not taking full advantage of 401k plans and accumulating too much debt. Employers are turning to ...

Continue Reading