The number of employers offering Financial Wellness programs is expected to nearly double within the next few years.  The head of client management for MassMutual, says, “financial wellness has become a huge priority for employers across the country as Americans struggle with managing a wide variety of financial issues from paying down credit card debt and handling emergency medical expenses to saving for retirement and planning for long term care”

  • 86% characterize financial wellness programs as important
  • Chief motivation of 90% of those offering is that they “really care about their employees”
  • 80% feel financial wellness is on the cutting edge of benefit offerings
  • 47% said an effective program should address an employee’s full financial picture
  • Most popular programs (all over 75% approval): retirement, financial planning and retirement tools, protection products (e.g. life insurance), access to a financial advisor for financial or retirement planning