Focusing on financial wellness isn’t an ongoing fad. It’s an issue that is here to stay for the foreseeable future and the numbers paint the troubling picture of employees’ financial literacy.
In fact, lack of money management skills among employees may be a bigger issue than many employers realize. Even more serious is the impact employees’ lack of financial health is having on companies. Employers who accept this reality and then provide financial wellness education and benefits to help employees improve their financial literacy are on their way to having more productive workers as well as an enhanced bottom line.
The state of employees’ financial health
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