financial wellness engaged and productive toxic impact some anxiety economic headwinds Related: Employees want financial wellness, just don't call it that FML: Why millennials are facing the scariest financial future of any generation since the Great Depression
- For boomers, 309 hours of minimum wage work was all it took to pay for four years of public college. For millennials, it had grown to 4,459 hours.
- In 1973, the author's father bought his first home at age 29 for $124,000 in today's dollars – which back then was equal to only 20 months of his salary. A similar home in 2018 is $730,000, equal to 10 years of the author's salary.
- 25-34 year olds lack health insurance more than any other cohort and millennials have more medical debt than their parents.
student debt burdens 2018 Employee Financial Wellness Survey emergency fund
Scott Thompson is CEO of Tuition.io, the nation's first and most comprehensive employer-funded student loan contribution platform. Scott's mission at Tuition.io is to expand student debt relief among companies in the US until it becomes the norm, not the exception.Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 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.
