Retirement jar With the average cost of retirement approaching $1 million for a 65-year-old, financial well-being is something to consider well beyond the pandemic. (Photo: Shutterstock)

Employers have an important role to play in supporting the financial wellness of their employees, which has been strained for many due to the pandemic. Strada Education Network research shows that many are concerned about what the future holds and how it will impact their economic stability. With additional restrictions being implemented in some states, those concerns are not likely to fade any time soon.

In fact, a recent NBC News/SurveyMonkey poll found that 41% of adults are “very worried” that COVID-19 will have a negative economic effect on their household finances. And according to a report by the Robert Wood Johnson Foundation, 43.3% of parents living with children under the age of 19 are facing economic challenges.

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