Embracing Financial Wellness Beyond January  January is Financial Wellness Month, and there’s no better time to give financial health the attention it deserves. Studies continuously highlight the staggering impact of financial stress, affecting 74% of Americans, which often translates into heightened anxiety, depression, and an overall decline in mental health. These effects transcend beyond personal life, seeping into professional realms, where financially stressed employees spend an average...

Setting the Tone for a Prosperous Year: Employee Financial Health   As we round out the year, this time can be stressful for Americans as they review their finances and aim to craft financial goals for the year ahead. Employees across the nation are embracing resolutions focused on securing their financial health and bolstering savings for a prosperous 2024. A recent report found 67% plan on making a financial resolution for the New Year, with the top goals being to save more, pay off debt,...

Happy Holidays from FinFit!  Happy Holidays and warm wishes for a prosperous New Year from all of us at FinFit! May this festive season bring joy, peace, and success to you and your loved ones. As we step into the new year together, we’re excited about the opportunities ahead and continuing to support you in achieving your financial wellness goals. Cheers to a wonderful holiday season and a fantastic year ahead! Learn More About FinFit

The Immediate Need for Financial Wellness Benefits: Trends to Watch  In an employee’s mind, financial wellness is no longer a luxury—it’s a necessity. As the landscape of personal finance evolves, so do the tools and strategies designed to support financial health. Now, more than ever, is the time to explore the emerging trends and innovations in the field of financial wellness, focusing on emergency savings, personalized financial coaching, and access to affordable credit.   A study reported...

The Hidden Cost of Employee Financial Stress in your Organization In today’s competitive corporate environment, optimizing employee productivity is a key challenge for employers. Even with 66% of employees stating their personal finances are negatively affecting their work and personal life, the impact of financial stress on workplace performance can at times, be overlooked. Financial concerns can severely derail employees’ productivity. As an organization, it is vital to recognize...

The Power of Diversity, Equity, and Inclusion and How it Impacts Financial Well-being In today’s economic landscape, working Americans face an alarming financial crisis. While this crisis affects individuals from all walks of life, it disproportionately impacts individuals in specific DEI groups including BIPOC, women, as well as those of disability and LGBTQIA+ status. With these DEI groups facing specific financial challenges, there is a call to employers to create a path toward lasting...

Employees are Losing More than Sleep over their Personal Finances May is Mental Health Awareness Month, a time to foster understanding and support for mental health issues. While mental health is influenced by various factors, one area that often is overlooked is the impact of personal finances. According to a recent Bankrate survey, more than half of Americans believe finances have had a negative effect on their mental health, up significantly from 42% last year. With inflation reaching...

Annual Report Illustrates the Financial Crisis of the Working American Many working Americans are at a crisis point when it comes to their personal finances. With inflation reaching historic highs throughout 2022, the rising costs of everyday expenses has made it difficult, if not impossible, for workers to build their savings and avoid going into high-cost debt. Workers continue to face the high cost of necessities including food, up 7.7% over last year and shelter, up 8.1% over last year....

Why should employers care about employee financial wellness, and how can the SECURE 2.0 Act of 2022 legislation help increase the financial stability of America’s workforce? In brief. Recently enacted Federal legislation seeks to increase the financial stability of the American workforce, directly addressing the governing dynamics that prevent broader adoption of retirement plans and emergency savings accounts through an array of new benefits for both employers and their employees. The Secure...

It isn’t all about the packages, boxes or bags My brother Dan and stepfather have bonded over the years over a shared love of fishing. Each summer, my brother returns home to the Wisconsin lakes from California for a week of fishing, with a goal of hooking that prized musky. While our family has caught some nice size fish, including muskies, there’s always that one ‘that got away’ swimming in the depths, albeit taunting them. Our large, blended family gets together each holiday season. Normally,...