Vanguard has struck a deal with HelloWallet, a financial wellness service, to help employees save more for retirement by addressing the money pressures and behaviors that stand in their way.

HelloWallet provides personalized, unbiased guidance to individuals on managing their debt, spending wisely and maximizing their company benefits. Vanguard hopes the service will get employees more engaged in managing their finances.

HelloWallet uses behavioral economics and the psychology of decision-making, paired with technology, to look at an individual's debt, spending and savings behaviors. It then provides guidance on how to make appropriate decisions around those areas.

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