3 tips to consider when implementing financial wellness programs

Employers have a responsibility to improve their workers’ lives—and their employer brand—by providing resources and benefits addressing financial literacy and health. (Photo: Shutterstock)

When people think about wellness, physical and mental well-being are typically top of mind. Recently, more innovative employers have started to take financial wellness into account given the adverse effects financial burdens have on overall health. In fact, 57 percent of U.S. workers are very or somewhat stressed about their financial situation. Additionally, poor financial literacy and money issues can be a catalyst for anxiety and other mental health issues.

As such, employers have a responsibility to improve their workers’ lives—and their employer brand—by providing resources and benefits addressing financial literacy and health. Addressing financial wellness also has business benefits as employees experiencing financial problems lose a full week of productivity compared with employees who aren’t.