A financial wellness blog by the experts at Enrich
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 ReadingA 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 Reading42 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 ReadingHalf 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 ReadingFinancial 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 Reading20% 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 ReadingA new survey shows that employee financial stress has doubled since the start of the COVID-19 pandemic. With savings depleted and credit card debt increasing, employees want more financial benefits to help with their stress levels. In addition, the ...
Continue ReadingThe 2020 PWC Employee Financial Wellness Survey discovered 3 key components of financial wellness: financial stress, emergency savings, and retirement savings. A holistic financial wellness program not only promotes these 3 components, but also boosts ...
Continue ReadingMany companies are beginning to provide their employees with a wide variety of benefits that will help them with improving their overall health and mental well-being. By doing so, employees become more productive in the workplace.
Continue ReadingWhen starting a new program, most company executives focus on the bottom line. They want to know the statistics for any given project or proposal to determine success. The same holds true when considering adding an employee financial wellness program.
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