Credit card debt is a problem for 77% of U.S. workers
Credit card debt is rising while 45% of U.S. workers are already distracted by financial stress at work: Why smart employers are turning to financial coaching to boost profits [...]
Minimize debt, stress, among workers this holiday season
Help your people minimize debt to boost profits, productivity, and impact. 58% of U.S. adults say that financial concerns cause them stress over the holidays, the top cited stressor. [...]
Debt reduction strategies for workers
Debt reduction eases financial stress, workers’ top stressor overall, and sets them on a path to financial security, boosting profits, impact, and wellness. Borrowing costs are expected to drop [...]
What your workers should know about Buy Now Pay Later
Buy Now Pay Later products are used most by financially insecure workers, which can lead to late payment fees, rising debt and employee financial stress. Here’s what your workers [...]
Student loans repayment “on-ramp” closes on September 30
Workers with federal student loans will then face dings to their credit scores for missed or incomplete payments, for the first time since March 2020, with significant implications for [...]
Understanding debt consolidation loans: A simple guide
Juggling multiple debts from different creditors can be overwhelming and hard to keep track of. If you find yourself in this situation, consider a debt consolidation loan. [...]
Boost benefits-spend ROI with personal financial coaching
HR leaders looking to boost benefits-spend ROI can solve for workers’ top stressor, personal finances, with a solution as flexible as financial challenges are diverse, amidst all-time high costs [...]
Reduce employee financial stress with TrustPlus
Employee financial stress spikes as debt rises. Credit card debt is at an all-time high according to the latest data from the Federal Reserve Bank of New York. TrustPlus [...]
Employers should prepare for changes to Earned Wage Access now
“If you are an HR leader who offers Earned Wage Access (or is considering offering EWA) and you aren’t operating under the assumption that your employees will need a [...]
Is your 401(k) employer match suppressing savings, equity?
Your 401(k) employer match is exacerbating income inequality, suggests research from Vanguard and from economists at MIT, Harvard, Yale, and the Census Bureau. What’s a smart employer committed to [...]