What Does Financial Wellness Mean to Employees?

In the world of employee benefits, financial well-being continues to be a hot topic. Indeed, 64 percent of employers indicate that financial well-being has gained more importance in their organizations over the past two years. So, it’s critical that employers deliver a program that connects with the financial ambitions of their employee base. To gain some insight into those ambitions, PwC’s 2019 Employee Financial Wellness Survey asked employees what financial wellness meant to them. Here’s what they said:

• Not being stressed about finances (34 percent)
  
• Being debt free (18 percent)
  
• Having enough savings that I’m not worried about unexpected expenses (16 percent)
  
• Having financial freedom to make choices to enjoy life (16 percent)
  
• Being able to meet day-to-day/monthly expenses (12 percent)
  
• Being able to retire when they want to (4 percent)
  

As you think about your employees’ financial wellness and how to best meet their goals, it may help to keep these insights in mind.