Recent research shows that almost half of the American population experiences elevated levels of stress due to financial concerns. Financial stress is egalitarian in its impact, yet 56% of women workers admit it hits their mental health hard, signaling the importance of gender-specific solutions in financial wellness programs.
Rainy Day Fund vs. Sunny Day Fund: What is the Difference?
A sunny day fund, coupled with a rainy day fund, not only cushions you against financial stress but also serves as a mental wellness tool, ensuring you’re at ease despite life’s ups and downs.
Integrating Emergency Savings: A Strategy for Employee Retention
The importance of emergency savings cannot be overstated. For employees, having the peace of mind that comes with a financial cushion can translate into a more focused, productive work life. For employers, offering support in building that cushion not only helps to attract and retain top talent but also contributes to a healthier, more engaged workforce.
Building the Benefit Matrix of Financial Wellness in the Workplace
In the ever-evolving landscape of employee well-being, the intersection of financial health and workplace dynamics has taken center stage. Matt Bahl from the Financial Health Network, Rachel Schneider representing Canary, and Ernesto Boada of the Sunny Day Fund share their collective wisdom to sheds light on the critical importance of addressing financial well-being within the […]
How to Become an Agent of Positive Change: ASPPA 2023 Insights
Attending the annual conference for ASPPA (American Society of Pension Professionals and Actuaries) gave us a peek into the world of administering retirement plans and the challenges faced by both participants and professionals in the field. One of the key takeaways from the conference was the surprising prevalence of legacy practices among Third-Party Administrators (TPAs) […]
Debt and Savings: Focus Areas for Employee Financial Wellness in 2024
Earlier this Fall, we had the chance to discuss consumer debt with Andy Manthei from the Business Development team at GreenPath Financial Wellness, and Kevin Bove, a Senior Financial Advisor at HB Retirement. Andy and Kevin offered insights into current debt trends, especially in this unprecedented environment of rising interest rates and the return of […]