Economic concerns and inflation are taking a toll on employees with many saying their debt is a "real problem". Credit cards are the number one source for personal debt and only 32% have no debt at all.
Employees are looking to their employers to provide financial wellness benefits which include teaching employees healthy financial habits, and access to advice from investment professionals or services. Currently, employees' financial wellness is a top concern.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
