A financial wellness blog by the experts at Enrich

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

A male employee sitting at a desk with his head in his hand due to stress about his financial wellness test
16
Aug

New Study Shows that Employees Need a Financial Wellness Benefit

The National Financial Educators Council (NFEC), the organization that sets industry standards for financial educators and counselors, shared the results of their most recent financial literacy testing data which 41 percent of participants failed.

Continue Reading

A group of happy employees as a result of their employer offering student loan repayment assistance
9
Aug

New Tax Incentive Encourages Employers to Offer Financial Wellness Benefit

Despite the focus on student loans, the student loan debt crisis continues to grow, with students borrowing approximately $102 billion for the 2019-20 school year. A new tax incentive is now encouraging employers to offer employee benefits like ...

Continue Reading

An employee learning about important financial topics on the Enrich Financial Wellness platform
2
Aug

Financial Wellness Programs: 5 Factors Employers Must Consider

Fifty years ago, if you asked someone about a financial wellness program, you would have been met with confusion and blank stares. Now, financial wellness programs are not just popular; they are one of the most desired employee benefits.

Continue Reading

Woman putting her finger to her lips to symbolize a secret
26
Jul

9 Secret Side Effects of Employee Financial Wellness Programs

More and more companies are realizing that financially well employees are more productive, miss less work, in better health and happier in their jobs. Providing employees with customized financial wellness tools and information can also lead to ...

Continue Reading

A group of employees smiling in an office
19
Jul

One Key to Creating a Thriving Workforce

Over the years, the definition of a "good job" has evolved. Traditionally, a good job was thought of as high paying. In recent years, though, the elements that make up a good job have grown and changed, taking into account more than just an earned salary.

Continue Reading