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.
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