Less than two-thirds of Americans are financially literate, which is why employers need to go beyond retirement education and give employees the resources needed to help them feel more financially stable, says a new poll.
Employers are becoming more open to benefits that directly address financial issues like high-cost debt, variable cash flow, and lack of emergency savings, according to a FinFit report.
Virtual meetings made up 80% of the sessions that Schwab offered in 2022 and, post session, more than 90% of participants agreed they felt prepared to take the next step in their financial journey,
Many of these are frontline workers who helped sustain communities during the pandemic – and nearly two out of three say employers have a responsibility to help them improve their financial well-being, says a new survey.