Financial Health and Productivity
TrustPlus resources to support worker financial health
TrustPlus resources to support worker financial health
Financial Literacy Isn’t Enough
Knowing what to do is only a small part of the financial struggle for our clients. Money is personal which is why businesses that are motivated to help solve [...]
How to reassure employees about the bank failures to boost productivity and wellness
When workers are stressed about money their health and productivity suffer. So, we put together a Q&A for employers to share with workers that answers questions we’ve been getting [...]
How to Help Your Employees Find a Free Tax Filing Assistance Site Near You
Employers are in a unique position to help workers reduce stress during tax time which can boost productivity, mental health, and wellness. The deadline to file this year is [...]
Benefits that support caregivers (often women identifying workers) boost overall productivity, wellness, and financial health
“A number of factors appear to be holding women back, including the difficulty women currently have in trying to combine their careers with other aspects of their lives, including [...]
How to Boost Productivity and Wellness while Reducing Racial Debt Disparities
TrustPlus’ data suggest an association among being lower income (especially very low income), being Black or African American, and having collections debt. As Black History [...]
Neo-bank Dora Partners with TrustPlus to Bring Financial Coaching to Un- and Under-banked
TrustPlus offers FinTechs the human connection and expert guidance that drives product engagement and impact. At our core TrustPlus is designed to unite FinTech with [...]
Seven SECURE 2.0 Provisions to Know to Maximize Employee Productivity and Wellness
90 new provisions in the Consolidated Appropriations Act of 2023 signed into federal law at the end of December are designed to encourage employers to offer more [...]
6 Steps to Boost Productivity and Reduce Employee Stress this Tax Season
“Money is a major source of stress on people, and what tax season does is shine a great big spotlight on the issue,” says Michael McKee, a Cleveland Clinic [...]
Financial Stress Rising Among Younger Workers
Employers can maximize employee financial health and productivity through Personal Finance Coaching Rising financial concerns among younger generations of workers are forcing them to take [...]
“Employers Will Be Wise to Offer Financial Guidance Solutions That Meet Their Workforce’s Specific Needs”
A new brief from the Financial Health Network suggests that “financial coaching is unique in offering personalized and objective guidance” and that “there is demonstrable evidence that financial coaching [...]
2022 Financial Health Benefits Review
Research from Bank of America, Morgan Stanley, Mercer suggests 2022 marks an epochal change in employers’ and employees’ attitudes about financial health benefits. From “nice [...]
Make credit work for your employees in 2023
Tis the season for strengthening the financial health of your employees in 2023 to drive productivity and wellness, recruiting and retention. TrustPlus Personal Finance Coach Dametria Douglas [...]
Employers’ Responsibility for Employee Financial Wellness Reaches All-Time High
97 percent of employers now feel responsible for employee financial wellness according to Bank of America’s 2022 Navigating a New Era of Financial Wellness report, up from 41 percent a [...]
Employers who invest in employee financial health poised for 2023 productivity gains
Financial stress is hampering U.S. workers, 82 percent of whom say employers should play a role in supporting their financial wellness. 71 percent of U.S. [...]
Require employees to work less to boost productivity?
The largest study of its kind to date suggests, yes: “Fully 86% said they will likely continue the four-day workweek policy.” The largest study of [...]
Defined contribution plan sponsors with financial wellness programs “more often see their retirement plans as effective”
85% of defined contribution plan sponsors feel a strong sense of responsibility for employee financial wellness, up from 59% in 2013, finds J.P. Morgan Asset Management. [...]
A strategy for employers to boost productivity, health, and retention this back-to-school season
Back-to-school season is a stressful time financially for many of our Personal Financial Coaching clients, as it is for millions of workers across the country. Back-to-school [...]
Record credit card debt is a drain on workers, employers
Sophisticated employers are rolling out financial wellness benefits to help employees manage debt and strengthen credit, with their employees’ wellness and the bottom line in mind. [...]
Medical debt is a growing problem for workers
New research from Neighborhood Trust and RIP Medical Debt offers insights on workers’ medical debt challenges and recommendations for employers. Alarming results of new research [...]
Administration asks employers to extend enrollment periods for group health plans for workers losing Medicaid coverage
3.8 million workers who are expected to lose Medicaid coverage are eligible for health insurance through their employers: “…it is in the interest of employers to ensure that their [...]
What employers should know about Secure 2.0, student loans, and retirement
The financial stress of student loan debt takes a toll on workers’ physical and mental health and productivity, and your bottom line or social impact. Secure 2.0 makes it [...]
Why employers should care about homeownership
June is National Homeownership Month. The stability, affordability, and predictability of costs that come with homeownership can make workers more productive, yet systemic racism sustains the stubborn Black-white homeownership [...]
3 steps to prepare for making federal student loan payments again
The federal student loan payment moratorium is slated to end this summer. Call your servicer now; pick the repayment strategy that works best for you; and start setting aside [...]
How to negotiate with a debt collector
Household debt recently hit a record high and roughly 64 million people have debt in collections which can hamper credit, financial, physical, and mental health for years. TrustPlus Personal [...]
Rising household debt is a growing problem for employers
To help solve it, this Mental Health Awareness Month, organizations should incorporate Personal Financial Coaching into their mental health benefits, recognizing the connections among worker financial and mental health [...]
Key levers for boosting employee financial health
Paying off student loan or credit card debt and having household income increase from less than $30,000 to $30,000+ cut the chances of becoming intermittently Financially Unhealthy by roughly [...]
Most of your employees are stressed about money
70 percent of people in the U.S. are stressed about their finances and 58 percent are living paycheck to paycheck including a majority of workers earning $100,000+. [...]
