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In the face of rising living costs and economic uncertainty, financial stability remains a significant challenge for many workers. A survey Betterment conducted of 1,000 US full-time employees found that a staggering 60% of workers face financial instability, struggling with inflation and credit card debt. This National Financial Awareness Day, employers have a unique opportunity to turn the tide.
Employers can play a pivotal role in helping workers proactively combat these financial challenges by offering robust financial wellness programs. These can include benefits such as retirement plans, budgeting and savings tools, student loan assistance, access to financial advisors, and more.
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