The portrait of financial stress among today’s employees may not look like employers think it does, because it doesn’t belong only to employees on the low end of the pay scale.
Certainly, employees living paycheck-to-paycheck without enough in an emergency fund to cover unexpected expenses are financially stressed. But there are many more employees who experience financial stress – those who may be able to cover basic needs, but are not able to meet a myriad of other financial responsibilities they have, such as elder care and medical bills. While it happens in varying degrees, nearly every employee wants some type of relief from their financial stress, and employers can help. Relieving some of employees’ financial stress enables them to be more productive, engaged employees.
In this webcast, we will:
Take a deep dive into why so many employees are financially stressed;
Look at four financially-stressed employees -- how they look at their financial situation, what their financial behavior is like and what financial choices they make based on those available to them; and
Discuss how employers can help employees do more with their money and achieve some level of financial flexibility.