The labor market and consumer spending have remained resilient despite the rate hikes (the last one in July), but a resumption of student-loan payments next month will take discretionary spending power out of consumers’ hands.
Flexible work options and mental health resources are important benefits employees want from their employers to increase satisfaction at work.
With student loan payments resuming Oct. 1, many employers are stepping up to provide guidance and counselor tools or offer one-on-one financial coaching sessions – or even student loan matching for 401(k) plans.
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