How Medical Debt Strains Your Workforce, and Solutions to Ease the Burden  Medical debt is a silent burden that weighs heavily on many employees, affecting not only their personal finances but also their professional lives. As the cost of healthcare continues to rise, more and more individuals are finding themselves struggling with medical bills they cannot afford. This financial strain seeps into the workplace, hindering productivity and employee engagement. It is crucial for employers...

Helping your Workforce Navigate the Financial Strain of Back-to-School Season  As the back-to-school season approaches, many employees are feeling the pressure of additional expenses. For those living paycheck-to-paycheck, these costs can be particularly burdensome, causing stress that impacts both their personal lives and professional performance. Employers, too, face challenges as financial strain among employees can lead to decreased productivity and increased absenteeism.  Data...

Employer Spotlight: Pilgrim’s   Pilgrim’s is a multi-national food company and one of the largest chicken producers in the United States, recognized the critical need for employee financial wellness benefits. With over 68,000 employees, the company faced high stress levels among its workforce, leading to burnout, decreased productivity, and high turnover rates. To address these challenges, Pilgrim’s partnered with FinFit in 2018 to implement a financial wellness...

How Financial Wellness Programs Transform Lives  Financial stress is a silent epidemic affecting millions of employees. It’s more than just a personal struggle, it’s a problem that seeps into the workplace, impacting productivity, morale, and overall wellbeing. FinFit’s yearly report, Inside the Wallets of Working Americans, found three in four American workers live paycheck to paycheck, with more than a third reporting they spend three hours or more at work thinking...

Celebrating Two Decades of Financial Health Innovation at EMERGE 2024  We are thrilled to share our experience at Financial Health Network‘s EMERGE, an inspiring gathering that unites innovators across industries to learn, collaborate, and improve the future of financial health. They celebrated 20 years of transformative work, with this event highlighting the incredible strides made in promoting financial wellbeing for all.  EMERGE showcased industry leaders who are making...

Navigating Employee Financial Stress and Its Toll on Mental Wellbeing  It’s Mental Health Awareness Month, a time to shed light on a silent but significant contributor to mental health challenges: financial stress. The reality is many employees have experienced staring at a pile of bills, racking their brains on how to make ends meet, leading to mental health struggles.   Statistics reveal a sobering truth: more than half of employees grapple with financial stress, feeling worry,...

The financial stress experienced by working Americans is not just a personal issue—it has significant implications for employers as well. According to our newly released sixth annual “Inside the Wallets of Working Americans” report, a staggering 60% of workers feel worried and stressed about their financial situations, with 58% feeling anxious and 46% experiencing trouble sleeping due to financial concerns. But what exactly is driving this stress, and why should employers pay attention?  In...

Employer Spotlight: Eastern Virginia Medical School  In our sixth annual “Inside the Wallets of Working Americans” report in collaboration with HR Dive, it was found 74% of employees find themselves living paycheck to paycheck, grappling with the constant challenge of making ends meet. This financial strain not only affects their day-to-day lives but also impacts their overall well-being and productivity at work. Recognizing this reality, employers have a crucial role to play in supporting their...

Sixth Annual “Inside the Wallets of Working Americans” Report Sheds Light on Employee Financial Stress  In the hustle of everyday life, many of us can relate to the struggle of making ends meet, but what lies beneath the surface of employees’ financial stress? Our sixth annual “Inside the Wallets of Working Americans” report, sheds light on the stark financial realities many are facing.  The report paints a sobering picture: a staggering 3 in 4 respondents find themselves...

The Value of Comprehensive Benefits in Today’s Job Market In today’s fiercely competitive job market, where top talent is in high demand, offering competitive salaries alone isn’t enough to attract and retain skilled employees. Job seekers are increasingly prioritizing not just their immediate financial needs, but also their long-term financial wellness, making benefits a priority for employees across industries.   According to a recent survey, 80% of employees...