SECURE – FinFit
Regardless of the uncertainties of the economy, the SECURE 2.0 Act of 2022 offers new avenues for financial stability and security. This landmark legislation, an extension of the SECURE Act of 2019, introduces over a hundred provisions designed to bolster American workers’ economic well-being. In a climate where an alarming 60% of the workforce…
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FinFit: The Evolution of Employer-Sponsored Health Benefits
In recent years, the landscape of employer-sponsored health benefits has undergone significant transformation. With rising healthcare costs and the increasing complexity of health insurance, employers are seeking innovative solutions to provide comprehensive benefits to their employees. A recent study revealed that the average deductible for Americans has skyrocketed, creating a mismatch between the risk…
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A Data Approach to Understanding Mental Health and Financial Precarity
The intersection of mental health and financial precarity is a topic that has recently gained significant attention. As society grapples with the challenges of a rapidly changing economic landscape, the impact on individual mental well-being is undeniable. Studies show that approximately 46% of individuals with debt also have a mental health diagnosis, highlighting the…
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Student Loan Debt: Restarting Payments Post-Pandemic & the 529 Solution
When the Supreme Court struck down the Biden administration’s Student Loan Debt forgiveness plan, it not only eliminated a potential $400 billion in student debt relief, it reset the clock for payments to resume in October 2023. Less than a year prior, the Biden plan announcement gave millions of Americans struggling with student loan…
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New Approach to Debt Management and Preventing Bankruptcy
As financial challenges persist, more individuals seek assistance in managing debt and achieving financial stability. Over 50% of Americans are concerned with their ability to pay off their credit card debt this year, emphasizing the urgency of discussing financial wellness solutions. How can you take control of your financial future and tackle credit card…
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Building Workplace Communities Around Wellness
In the modern business world, the importance of wellness and the focus on building strong workplace communities is gaining momentum. This comes as no surprise considering the shift towards remote work and flexible schedules, which while advantageous, can potentially threaten the social fabric of organizations. In fact, the US Surgeon General recently reported that over…
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Employee Ownership for Financial Health
Stocks are one of the most commonly used investment options, with 58 percent of Americans reporting they owned some form of stocks in 2022, according to Gallup. But what about owning stock in the company you work for, or employee stock ownership plans (ESOPs)? There are just under 14 million participants in the U.S., which…