High Inflation Takes a Toll on Employees’ Financial Well-Being
Inflation, which remains elevated as of Tuesday's CPI report, has led to increased stress, less financial preparedness and growing debt,...
Tag: debt
Trends
Buy Now Pay Later
Even if plan participants can pay their items off in time, will they really pay later, after they’ve overspent and...
Could ‘Buy Now, Pay Later’ Trend Weaken Savers’ Financial Wellness?
Some ‘buy now, pay later’ services promise no interest or fees and no impact on a consumer’s credit score—but that...
Pandemic’s Wake Draws Emergency Savings Accounts Into Focus
The pandemic and its impact on the global workforce have underscored the importance of—and increased demand for—a backup plan for...
Emergency Savings Preparedness and Perceptions
According to EBRI, workers with household incomes of $75,000 or more are more than twice as likely to say they...
Millennial Home Ownership Crippled by Student Debt
Student debt has put those in the Millennial generation at a disadvantage when it comes to turning their education into...
A $500 Step Towards Financial Wellness
The nonprofit financial wellness provider SaverLife has teamed up with the KFC Foundation to meet the straightforward but ambitious goal...
Colonial Life and FutureFuel Create Student Loan Repayment Solution
The firms say strong demand among employers and employees for student loan repayment support solutions made their new partnership “an easy decision.”
Technology and Retail Clients Most Burdened by Student Debt
Data provided by CommonBond shows that workers in the technology and retail industries are most straddled with student loan debt; even workers in industries less impacted by student...
Employers Likely to Ramp Up Student Loan Repayment Benefits
While not a traditional topic for retirement specialist advisers to speak about, experts agree that student loan repayment benefits are a powerful boon to financial wellness programming—and a...
Older Families’ Debt Levels Have Increased Since 1998
Nearly 70% of families where the head of the household is 55 or older carry debt, EBRI found.