The watchdogs at the Consumer Financial Protection Bureau have produced a report suggesting workplace financial wellness programs can save employers more than they spend on such programs.
Although it was careful to couch its estimate, the CFBP said companies may be able to save up to $3 for every $1 they spend on financial wellness.
Created as part of the Dodd-Frank Act, the CFBP cited research in its report that seven out of 10 Americans claim financial stress is the most common type of stress the experience.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
