piggy bank falling on people (Photo: Shutterstock)

Cost-of-living increases have hit everyone, causing anxiety among all employees. Female wage earners have been hit hard by recent inflationary trends – much harder than men across the board. But benefits plan members are eager to get help managing this mini-crisis, and expect plan sponsors to offer financial tools to help weather the storm.

That’s the big-picture conclusion from a recent survey of 500 employees who responded to questions about their financial status today compared to a year ago. The survey, “Breaking Down the Cost-of-Living Squeeze”, comes to us from Salary Finance, a benefits vendor that partners with employers to provide employee financial wellbeing benefits to plan members.

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