Repeat users of financial wellness programs showed substantial improvements in key areas, including handling their personal cash flow and maintaining an emergency fund to cover unexpected expenses. (Photo: Shutterstock)
More workers are making good use of their employer's financial wellness program, returning again and again and reaping more benefits as a result, according to Financial Finesse's Financial Wellness Think Tank's 2017 Year in Review.
Among employers that have offered a financial wellness program for at least three years, repeat users made up 58 percent of the population, up significantly from 33 percent in 2016 – the first time repeat users outnumbered first-time users, according to the study.
Repeat users are twice as likely to be on track for retirement (43 percent vs. 19 percent of first-time users), and are also less likely to report high or overwhelming levels of financial stress.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
