Financial Emergency Preparedness Financial emergency preparedness is vital to financial wellbeing. Emergencies can happen at any time, and when disaster strikes or we face the unexpected, our main concern is for our loved ones. But the reality is the financial consequences of an emergency can be devastating to our own wellbeing and that of our […]
Tax Advantages for W-2 Employees When it comes to taxes, no one wants to pay more than they have to. While there are plenty of ways to reduce taxes by itemizing deductions, such as charitable contributions, it’s important for taxpayers to understand the tax advantages available without itemizing. According to the IRS, nearly 90% of […]
How Much Do Your Employees Know About HSAs? Many companies offer robust benefits packages that include things such as employer-sponsored health savings accounts (HSAs). But a staggering percentage of employees don’t know enough about the benefits to take advantage of them. A survey by Plan Sponsor Council of America (PSCA) revealed half of employers offer […]
Saving and Investing: You Can’t Save Your Way to Millionaire Status Saving and investing are two essential aspects to a healthy financial profile. It’s important for employees to learn strategies in both areas of money management in order to be secure in their financial lives. Employees who understand and apply skills in both saving and […]
Financial Education Creates Options Financial education creates options. The most popular way of doing things is not the only way of doing things. An individual’s parents’ way of doing things is not the only way of doing things. Without education, people will be limited by the often narrow views passed down from others or shared […]
What It Means to Live Paycheck to Paycheck A staggering 64% of Americans live paycheck to paycheck, making this precarious financial lifestyle the most common in the United States. Because it is so common, many individuals do not realize there are alternatives to this lifestyle. Living paycheck to paycheck means an individual spends all of […]
Why Financial Education at Your Company Needs to Be One-on-One As a developed nation, the United States has a literacy rate of 99%, according to the World Population Review. However, the financial literacy rate of Americans is nowhere near as high. CNBC states only 57% of US adults are financially literate. A contributing factor may […]
How Employers Can Help End Employee Financial Distress Employee health and wellbeing is a top priority for HR professionals. It can be easy to spot signs of physical illness, but not all issues are so apparent. Financial distress can be harder to identify, but is increasingly common and leads to a lack of productivity and […]
How Resuming Federal Student Loan Payments Could Affect Your Employees Federal student loan payments paused in March 2020, but they resume January 2022. While millions of borrowers were able to defer payments temporarily, no broader student loan forgiveness plan has come to fruition. As this payment pause ends, employers must prepare for the challenges employees […]
Bouncing Back from the Pandemic The labor market has changed drastically in the post-pandemic economy. But surprisingly, the labor shortage isn’t caused by a lack of available workers, it’s caused by record-high numbers of workers quitting and retiring, looking for new career opportunities and higher pay. Furthermore, a survey by PwC shows 1 in 5 […]
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