The Impact of Financial Wellness: Insights from FinFit’s Member Feedback Survey  At FinFit, we’re dedicated to improving the financial wellbeing of employees across industries. To understand the real impact of our financial wellness solutions, we conducted a member feedback survey from September 2024 through January 2025. The results are in—and they highlight just how transformative financial wellness benefits can be.  Key findings:  60% reduction in financial stress among employees with...

Tax Season Stress? How Financial Wellness Benefits Can Ease the Burden  Tax season can be one of the most stressful times of the year for employees, with many dreading the complexity and uncertainty it brings. As tax season rolls in, employers can play a pivotal role in easing the process. Despite having a basic understanding of taxes, 64% of respondents report feeling stressed during this period, revealing a widespread lack of confidence and gaps in tax education. This highlights the...

The Link Between Financial Literacy and Employee Loyalty  Employee turnover is expensive. The cost of replacing an employee can range anywhere from 30% to 150% of their annual salary, depending on their role. One often-overlooked tool to reduce turnover is financial literacy. By equipping employees with the knowledge to manage their finances effectively, organizations can reduce stress and improve overall job satisfaction. Financial literacy is no longer just a perk—it’s a strategic...

Why Financial Wellness is the Ultimate Employee Benefit for 2025  As we enter 2025, financial wellness is emerging as a cornerstone of successful employee benefits strategies. With nearly 57% of employees citing financial stress as their number one challenge, employers are increasingly recognizing the link between financial health and workplace productivity. Adding financial wellness benefits to your package is no longer a “nice-to-have” but a necessity for attracting and retaining top...

Help Employees Navigate the High-Cost Season with FinFit’s Holiday Survival Guide  The holiday season is a time for joy and celebration, but it can also bring significant financial stress for many. Between buying gifts, traveling, and hosting festive gatherings, Americans are expected to spend an average of $1,778 during this period. It’s no wonder so many turn to credit or incur debt to cover these expenses, with about 37% taking two months or more to recover financially.  Even if...

The Financial Toll of Balancing Work and Caregiving  Many employees face a growing and often overwhelming challenge: caregiving for loved ones. Whether they’re looking after aging parents or supporting family members with disabilities, caregiving can take a serious toll on a person’s financial, emotional, and physical wellbeing. With over 100 million Americans  serving as caregivers, the struggle to balance caregiving with a full-time job can lead to significant financial stress, reduced...

Feeling the Squeeze: The Rising Impact of Credit Card Debt  Credit card delinquencies have spiked to their highest level in over a decade, with the Federal Reserve reporting that 9.1% of credit card balances transitioned to delinquent in 2024. This alarming trend is largely driven by rising inflation, which has stretched household budgets to their limits, leaving many Americans without an emergency fund or affordable credit options. As a result, employees are increasingly...

Maximizing the Value of Employee Benefits Through Clear Communication  Employee benefits are one of the most significant investments a company makes, but all too often, they go underutilized simply because employees aren’t aware of what’s available to them or don’t fully understand the benefits offered. To bridge this gap, FinFit has developed a comprehensive resource, Empowering Employees Through Effective Communication: A Benefits Communications Best Practice Guide. This...

Announcing FinFit’s New Partnership with Sunny Day Fund  Financial stability has become a top priority for employees across the United States. Unfortunately, many are caught in a cycle of debt, with little to no emergency savings to cushion them during tough times. This financial instability not only affects individual workers but also has a broader impact on workplace productivity and morale. As a result, the need for robust financial wellness programs has never been more...

The Burden of Medical Debt: How It’s Affecting Employees and What Employers Can Do  Medical debt is a growing issue, with 41% of Americans currently carrying medical debt, most owing more than $1,000. As healthcare costs continue to rise, this debt quietly takes a toll on employees, leading to increased stress, decreased productivity, and even avoidance of necessary medical care. The sources of medical debt are varied, from unexpected emergencies and high deductibles to chronic illnesses and...