Reported about 1 month ago
The article highlights the pivotal role employers play in supporting the financial wellness of their employees, particularly in the context of varying challenges faced by different generational groups. While younger employees grapple with immediate debts, older generations, especially Gen X, are increasingly burdened by the pressures of impending retirement. Additionally, about half of the workforce acts as caregivers, incurring significant out-of-pocket expenses that impact their ability to save for retirement. To foster financial wellness, companies need to not only offer resources but also ensure employees are aware of the support available, continuously adapting strategies based on employee needs and stress levels.
Source: YAHOO