Let’s start off on the right foot
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“A big part of financial freedom is having your heart and mind free from worry about the what ifs of life.” —Suze Orman |
The skinny
There’s no time like the present to commit to a financial wellness strategy.
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Happy Tax Day!
Well, technically this year you have until Tuesday, April 18 to submit your return. For many, tax season brings a sense of dread. If not calculated correctly, you could face a large bill and be susceptible to penalties and interest.
Reality check.
Financial literacy is at an all-time low post-pandemic, dropping nine points to only 55% in a single year. It’s dangerous when there’s no wiggle room for an unexpected expense, yet more than half of Americans don’t have cash savings to fall back on.
Slice and dice.
Already struggling with the fundamentals of budgeting and money management, the average American is currently living paycheck-to-paycheck. We all know the variety of reasons employees are tightening their belts. Today, even popular fast-food chains are facing backlash for being fast but not cheap.
No time to wait.
Confusion and debt management are obstacles for many Americans, but especially for young professionals. But keep in mind, if they’re skipping those retirement deposits, Gen Z employees are also missing out on some of the best financial years of their lives. Interest builds with time, and that goes for both paying off debt and investing in your future.
Feeling loved.
While salaries, bonuses, and retirement contributions are top of the list, student loan repayment, rideshare benefits, and medical reimbursement are rising strategies to bolster financial stability. Plus, the overwhelming majority (84%) of employees believe financial wellness benefits are a sign their employer values them and their work.
Social Corner
