A financial wellness blog by the experts at Enrich

A female boxer showing resilience in the ring during a fight
3
Jan

5 Ways Financial Wellness Improves Employee Resilience

American families are not financially resilient. Employees that are not financially resilient do not meet the definition of financial wellness: having the knowledge, ability, and desire to make intelligent financial decisions, as well as ...

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An employee using the Enrich Financial Wellness platform on her computer
15
Nov

65 Ways to Measure the Success of Financial Wellness Programs

More and more companies are concerned with the financial health of their employees, with 62 percent feeling extreme responsibility, which has led to more companies offering some sort of financial wellness benefits.

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A user taking online interactive educational courses on the Enrich Financial Wellness program
8
Nov

6 Ways to Gauge Impact of Employee Financial Wellness Programs

As more and more companies are investing in financial wellness, the importance of measuring efficacy is rising. To implement a financial wellness program is an excellent first step. But it is equally important to know how well your program is working.

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A retired couple walking on the beach holding hands while their passive retirement income grows
1
Nov

The #1 Most Effective Way to Increase Employee Retirement Saving

Stable and relaxing retirement is something many people dream about. Unfortunately, few really expect to achieve it. Saving enough for retirement is ranked as the top concern of American workers. Here's the most effective way to help get your employees...

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Two stacks of coins showing the gender financial wellness gap between men and women
25
Oct

New Study Provides Answers About Financial Wellness Gender Gap

A recent Bank of America study reveals that the gender gap is alive and well regarding financial wellness. Unfortunately, women are trailing men. Based on the survey’s 100-point scale, men score an average of 67 points-a full 9 points more than women.

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A financial stressed employee working from home and staring at her computer
18
Oct

New Study Shows Alarming Post-COVID Financial Wellness Trends

Without a doubt, COVID-19 wreaked havoc in 2020 with the financial health of employees across the United States. Unfortunately, a newly released survey by Salary Finance has found that employees are no better off in 2021.

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Employers are now integrating financial education with their employee incentive programs
11
Oct

How Do Employers Integrate Financial Wellness Into Their Employee Incentive Programs?

Due to financial stress, companies are implementing financial wellness programs. But often, people do not want to think about finances because of the stress it causes. So, using incentives to help with financial education can increase participation rates.

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A woman on the phone receiving financial advice from a financial counselor
4
Oct

What Are The Benefits of Providing Financial Wellness Counseling to Employees?

Stress kills. It’s a pervasive problem in the United States. It can cause health problems like anxiety, high blood pressure, and heart and breathing issues. High stress actually leads to a 50% higher mortality rate, according to one study.

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An employee that is stressed about her finances as a result of a low level of financial literacy
30
Aug

What is the True Cause of Employee Financial Stress? [Study]

Without a doubt, financial stress is something a lot of people are talking about. Companies might assume that COVID-19 or student loan debt caused financial stress, however, a new study has revealed it is actually due to low levels of financial literacy.

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A group of employees sitting around a table for a meeting
23
Aug

COVID Infected Financial Wellness But 3 Simple Steps Will Help

In January, PricewaterhouseCoopers conducted its 10th annual Employee Financial Wellness Survey. It is not surprising that COVID wreaked havoc with financial wellness and increased financial stress significantly.

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