22 Jan

Posted at 21:05h in Taxes, Worker Financial Stress

New free tax filing options can save workers money and ease financial stress during tax season. Employers can boost productivity, profits, and impact by sharing information about resources including the IRS’ Free File, Direct File, and Volunteer Income Tax Assistance (VITA) program.     New free tax filing options can save workers money and ease financial stress during tax season, when it often spikes, affecting mental, physical, and financial wellness. Employers can ease this burden, boosting productivity, profits, and impact, by sharing information about free tax filing resources including the IRS’ Free File, Direct File, and Volunteer Income Tax Assistance (VITA) program. Notably, the Direct...

17 Jan

Posted at 21:10h in Worker Financial Stress

Federal student loan forgiveness purgatory trapped millions of workers. They now have a way out, following updated guidance last week from the U.S. Department of Education. The time to act is now, before forgiveness becomes history. Borrowers in SAVE should look into switching to another one of the Income-Driven Repayment plans and expect to make loan payments in 2025.     Federal student loan forgiveness alert for employers: Now is a good time to check-in with workers who have federal student loans. Millions of workers have been trapped in federal student loan forgiveness purgatory since August. Following updated guidance last week from the U.S. Department of...

07 Jan

Posted at 21:14h in Debt, Worker Financial Stress

Holiday debt drags on wellness, profits, and impact. January is the best time to address it, says TrustPlus Senior Financial Coach Elise Nussbaum, “because that is when we have the best idea of what the holidays look like, spending-wise.”   [vc_video link='https://www.youtube.com/watch?v=UNROn8Jy4cc']   Vanquish holiday debt among your workers to boost wellness, profits, and impact. 36% of shoppers took on holiday debt in 2024, averaging $1,181, reports CNBC. For over half of them it was a surprise! Only 44% expected to acquire those balances. Most likely to take on debt, unsurprisingly: parents of young children, 48% of whom dipped into debt this holiday season. So, if you’re an employer...

23 Oct

Posted at 21:19h in Hooliday Spending, Worker Financial Stress

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. TrustPlus Senior Financial Coach Elise Nussbaum shares her go-to strategies to help people avoid and minimize debt over the holidays.     The holidays are a stressful time of year for 89% of U.S. adults according to the American Psychological Association. Nearly 60% report financial concerns as a source of stress during the holiday season, the top cited stressor overall. And every smart employer will tell you that employee stress is the death knell of health...