No matter the age of your employees, encouraging healthy financial habits is extremely important. This being said, an article published by Employee Benefit News (EBN) highlights the financial struggles facing the Class of 2021 after graduating in the midst of a global pandemic, implying a financial wellness program may be beneficial to their future with your company.
According to a study conducted by EVERFI and AIG Retirement Services, it was found that 43% of college students were intending to start saving for retirement and 44% were planning to save for emergencies. Although EBN expresses positivity associated with these statistics, it’s important to note that without prosper resources, these college students’ intentions may not become reality. Additionally, the survey found that of college students with credit cards, 40% of them have a debt higher than $1,000. As one of their first employers graduates may have right out of college, it’s important to deliver your recent graduates with the proper financial education they may be needing to start planning their fiscal futures.
Here at Financially Fit Employees, we encourage adopting our affordable membership services that allows you to be certain your employees are gaining the financial guidance they need. To register (and be entered into our August promotion) please visit https://app.financiallyfitemployees.com/#!/guest/register.
Written By: Your Financially Fit Employees Team
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