All articles tagged with #financial wellness
Originally Published 2 months ago — by Yahoo Finance
Many Americans feel behind financially, but even checking off one of three key financial habits—such as saving money—can place you in the top half of earners. Despite widespread financial stress, managing expenses and saving, especially through budgeting tools like Monarch Money, can improve your financial standing.
Originally Published 6 months ago — by Fortune
The article discusses recent developments in student loan debt collection, including wage garnishments by the Trump administration, and explores how employers can support employees with student debt through benefits like retirement match contributions, PTO exchanges, financial counseling, and educational assistance programs, which could help improve financial wellbeing and reduce stress.
Originally Published 1 year ago — by KTLA Los Angeles
Chipotle aims to attract more Gen Z workers by offering new benefits such as credit-building assistance and access to mental health resources, as the company plans to hire over 110,000 employees ahead of its busy season. Eligible employees will have access to SoFi’s financial wellness program, retirement savings options, and a 401(k) match for making student loan payments. The company also plans to introduce a Visa card by Cred.ai to help employees make purchases and build credit. This initiative is in response to the financial challenges faced by Gen Z, with over 73% of Chipotle’s restaurant employees belonging to this demographic.
Originally Published 2 years ago — by The Washington Post
The article emphasizes the importance of self-care in financial planning, offering four resolutions for 2024: unpacking your financial behaviors linked to past experiences, repairing broken relationships that may have financial implications, creating a vision board to visualize financial goals, and setting specific, measurable savings or debt reduction targets. It also highlights the author's personal finance journey, including paying off a mortgage and managing credit card debt, and encourages readers to seek help if needed and take action towards their financial aspirations.
Originally Published 2 years ago — by Fox Business
A new study by the TIAA Institute and Business for Impact's AgingWell Hub at Georgetown University found that more than half of Gen Z and younger millennials believe they can have a role in solving global problems like climate change, social injustice, and political division. However, when it comes to their own financial futures, young adults' collective outlook is more bleak, with 51% saying they do not expect to be as well off as their parents. Despite nearly three-quarters of those surveyed saving in a retirement plan, chronic inflation and living paycheck to paycheck make it difficult for those early in their careers to see how they can get ahead. Experts suggest seeking out financial advisors and automating retirement plan contributions to help achieve financial wellness.
Originally Published 2 years ago — by Yahoo Finance
A recent survey by Voya found that 43% of Americans consider their retirement funds as their only form of emergency savings, with Black respondents, mothers, and those with lower incomes more likely to depend on those funds for emergencies. This highlights the need to help more Americans prepare for unexpected events that require a quick influx of cash. Legislation such as the SECURE 2.0 Act could help people save for emergencies without sacrificing their retirement goals, with employers offering holistic financial wellness solutions to support their employee base.