As the workforce becomes younger and its financial needs are changing, more organizations are taking a broader approach to helping employees face short-term money issues that range from crushing student debt to saving for a house or assisting aging parents.
According to consultancy PricewaterhouseCoopers’ 2016 Employee Financial Wellness Survey:
45 percent of employees identify financial matters as the most stressful issue they face.
40 percent of employees have difficulty meeting their household expenses each month.
24 percent have withdrawn money from their retirement plans to pay for unrelated expenses.
