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Employees have started to expect more financial well-being support from their employers, according to a new Inspira Financial survey, "Empowering employees to be financially resilient," The survey uncovers why employees need support for their financial wellness and how employers and emergency savings funds can help address those needs. And, despite strong U.S. economic performance and sustained consumer spending, consumer savings tell a different story. The personal savings rate declined to 3.6% in April 2024 (compared to 8.1% in August 2019) and accumulated savings have dwindled, especially among lower-income Americans.
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