Financial stress is wreaking havoc on your employees' happiness and productivity. Even prior to COVID-19, many workers spent hours every week worrying about personal finance concerns like debt, retirement readiness, and even hitting long-term goals like saving for college. Those stressors not only impacted individuals, American businesses also lost $500 billion annually as a result. According to a March 2020 Betterment for Business report, 77% of millennials and Gen Z savers say that thinking about their finances causes them stress.
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