Many Americans are buried in debt, struggling to balance saving for housing, education, and health care, and wondering if they will have enough to retire comfortably. And evidence from the 2016 Financial Mindset® Study shows an even greater divide this year between employees’ perception of their financial situation and what they actually know and are doing.
What can employers do to make a difference? There are many opportunities for employers to help their employees no matter where they are in their financial journey. And the study proves employees want help from their employers – from saving for retirement to managing their day-to-day finances and being prepared for emergencies.
By understanding where your employees are and what they want and need, you can make strides in improving the financial wellbeing of your employees. To learn more, download the report.
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This year’s study showed that employees continue to look to their employer for help with a broad range of financial needs. While saving for retirement is the number one thing that employees say they want help with, there is also a desire for help with establishing an emergency fund, saving for a child’s education, and paying off student loans.