Stack of piggy banks

Employees are dealing with multiple fronts in terms of costs. Inflation remains high, especially in areas of groceries and consumer goods, and they are facing lifestyle costs such as dealing with elderly parents or home assistance.

New research by Alegeus, a health care payment solutions company, found that more than half of 608 surveyed U.S. employees spend most or all of the annual lifestyle benefits (e.g., elder care, daycare, pet care and adoption assistance, etc.) that their employers offer.

Due to numerous present-day economic factors, consumers have increasingly become cost-conscious, with many respondents stating grocery and gas/transportation as areas where they continue to cut back due to inflation, according to a previous survey by Alegeus. Recognizing the growing issue, employers have introduced benefits geared toward cost-savings for expenses.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.