A forum on financial literacy, convened by the Government Accountability Office last spring, underscored the necessity of improved financial wellness programs and the central role employers need to play in helping advance the country's financial future.
Twenty experts from government, the private sector, and academia, including Assistant Labor Secretary Phyllis Borzi and Financial Finesse CEO and Founder, Liz Davidson, explored the importance of employers' role in promoting financial literacy, existing efforts to do so, outreach to low- and middle-income earners, and the government's role facilitating improvement.
Because many already provide retirement and health benefits, employers are well positioned to offer more comprehensive financial wellness programs, according to the GAO's summary of the forum.
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