Employers want to help employees with financial wellbeing and many have invested significantly in financial wellness programs to help offset the negative effects of an unpredictable economy. Yet, two-thirds of employees continue to experience financial malaise, according to research from Payroll Integration.

The 2024 State of Employee Financial Wellness Report revealed several disconnects between HR and employee perceptions about financial wellness and the effectiveness of programs implemented by employers. For example, nearly half of employers believe they are completely supporting their employees' financial wellness, but only 28% of employees feel the same, the report said. And while most employers believe they have a responsibility to support employees' financial wellbeing, only 36% of employees say they feel completely financially stable.