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...

Employer Spotlight: Pilgrim’s Pilgrim’s is a multi-national food company and one of the largest chicken producers in the United States, recognized the critical need for employee financial wellness benefits. With over 68,000 employees, the company faced high stress levels among its workforce, leading to burnout, decreased productivity, and high turnover rates. To address these challenges, Pilgrim’s partnered with FinFit in 2018 to implement a financial wellness...

How Financial Wellness Programs Transform Lives  Financial stress is a silent epidemic affecting millions of employees. It’s more than just a personal struggle, it’s a problem that seeps into the workplace, impacting productivity, morale, and overall wellbeing. FinFit’s yearly report, Inside the Wallets of Working Americans, found three in four American workers live paycheck to paycheck, with more than a third reporting they spend three hours or more at work thinking...