Effects of employers offering financial wellness benefits 2020

Published by Statista Research Department, May 31, 2022
In 2020, 53 percent of employees in the United States said that they would feel less stressed about their overall financial situation if their employer offered them financial wellness benefits. About 30 percent of employees said that financial wellness benefits would make them more productive at work.

Positive effects of employers offering financial wellness benefits according to employees in the United States in 2020

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Sources

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Release date

July 2020

Region

United States

Survey time period

July 8 to 9, 2020

Number of respondents

2,050 respondents

Age group

18-64 years

Special properties

Gen Z to Boomers (both employed and unemployed, but actively searching for work)

Method of interview

Online survey

Supplementary notes

The source provided the following list of financial wellness benefits to the respondents:
1. 401(k) retirement plan with match
2. Student loan repayment assistance
3. 401(k) retirement plan without match
4. Unlimited PTO
5. Tuition reimbursement
6. Assistance planning for college expenses (e.g. 529 College Savings Plan)
7. Access to financial counseling

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