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 talent.  Financial...

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 it’s...

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 productivity,...

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 relying...

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 guide...

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 critical.  According...

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...

Introducing the FinFit Financial Foundations Program! As reported in our Inside the Wallets of Working Americans annual report, 74% of American workers are living paycheck to paycheck. HR teams can play a pivotal role in creating a work environment that promotes financial wellbeing, which in turn boosts workplace productivity and retention. Let us help you establish a more financially resilient workforce by joining us in the FinFit Financial Foundations program. As a member of the...

How Medical Debt Strains Your Workforce, and Solutions to Ease the Burden Medical debt is a silent burden that weighs heavily on many employees, affecting not only their personal finances but also their professional lives. As the cost of healthcare continues to rise, more and more individuals are finding themselves struggling with medical bills they cannot afford. This financial strain seeps into the workplace, hindering productivity and employee engagement. It is crucial for employers...

Helping your Workforce Navigate the Financial Strain of Back-to-School Season As the back-to-school season approaches, many employees are feeling the pressure of additional expenses. For those living paycheck-to-paycheck, these costs can be particularly burdensome, causing stress that impacts both their personal lives and professional performance. Employers, too, face challenges as financial strain among employees can lead to decreased productivity and increased absenteeism. Data...