Financial wellness is the state of being in strong financial health so that an individual can successfully manage day-to-day finances, protect against unplanned expenses and financial shocks, and plan and save for future milestones.
According to MetLife's 17th Annual Employee Benefits Trend Study, people are stressed, and anxiety about money is the main culprit across all generations. Employees say that solutions that help address financial stress are what they need most to thrive in the workplace and at home.
Because of growing employee stress around finances, financial wellness has become a business imperative for employers.
Financial support in the form of financial wellness programs, retirement plans, and a broad set of benefits can play a crucial role in helping employees manage the unexpected and plan for the future.
Employers are recognising the growing impact of financial stress in the workplace
of employers say that increasing financial stress will have an impact on the workplace in the next five years
of employers feel providing financial education to help employees become financially secure is an important benefits strategy
of employers name increasing financial literacy and wellness as a top benefits objective
of employers name reducing employee stress as a top benefits objective
