Financial Literacy Month about how employers can use financial wellness coaching to improve employee financial literacy
April is Financial Literacy Month. As the COVID-19 pandemic continues to impact our lives, many Americans are facing issues they couldn’t have imagined…
By Christian Mango|April 23, 2021 at 01:40 PM
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April is Financial Literacy Month. As the COVID-19 pandemic continues to impact our lives, many Americans are facing issues they couldn’t have imagined mere months ago. What began as a public health threat quickly transformed into something much larger, not only impacting our physical well-being, but also our financial well-being. The pandemic really shined a spotlight on the financial insecurity of many American’s.
According to Willis Towers Watson’s 2020 Global Benefits Attitudes Survey, as many as one in four employees say their financial situations have deteriorated because of the pandemic. Too many American’s were left ill-prepared for the financial shocks the pandemic caused, whether that was having inadequate emergency savings to cover things like losing a job or unexpected medical expenses.
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61% of employers surveyed consider caregiving benefits to be a top priority for their business and employees, yet 22% consider themselves as below average in developing caregiving benefits. Download this info sheet to help your clients remain competitive by offering a care benefit package.