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. adults are uncomfortable with their amount of emergency savings. With lack of savings, employees may be forced to make tough decisions, like taking on high-interest debt or cutting back on essential expenses. These choices can lead to a cycle of financial hardship, impacting their personal lives and work performance. 

By enabling automated payroll savings and providing employer match options, ESAs help employees build financial security. Employees with emergency savings can handle life’s unexpected challenges, whether it’s a car repair, medical emergency, or sudden income loss, without the stress of financial insecurity. 

Investing in financial wellness is not just a benefit, it’s a strategic advantage. Download the infographic to see how ESAs can reduce financial stress, boost productivity, and strengthen retention.