How Emergency Savings Accounts Can Boost Employee Wellbeing and Your Bottom Line  Financial stress is a top challenge for employees and businesses alike. With 74% of workers living paycheck to paycheck and financial stress costing U.S. businesses $500 billion annually, the need for effective financial wellness solutions is clear.  Emergency Savings Accounts (ESAs) are more than just a financial buffer, they are a critical component of a healthy financial life. Bankrate reports 59 % of U.S....

Transforming Employee Wellbeing: Quest Diagnostics’ Approach to Financial Wellness  At FinFit, we are proud to spotlight our impactful partnership with Quest Diagnostics, a global leader in diagnostic information services. Together, we have taken a significant step toward addressing the financial stress plaguing healthcare professionals—a workforce critical to our communities’ wellbeing.  Healthcare workers face unique financial challenges, with 68% reporting stress related to personal...

Financial Wellness at a Glance – What Employees Really Want   Financial stress is at an all-time high, and employees are looking for real solutions—not just traditional perks. 74% of workers live paycheck to paycheck, and more than ever, they’re prioritizing financial wellness benefits like emergency savings, budgeting tools, and debt assistance over gym memberships or office perks.  Yet, while 77% of employees say financial wellness is an important benefit, only 28% of employers offer...

Turning Employee Financial Stress into Long-Term Success Financial stress is a silent productivity killer in the workplace, often going unnoticed until it significantly impacts employee performance. Many employees may feel embarrassed to discuss their financial difficulties or may not realize how deeply their personal finances affect their work life. According to a study by Bank of America, 62% of employees cite financial concerns as a major source of stress, negatively impacting their...

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...