Research
What Employees Want in Financial Wellness Programs
As inflation and economic turmoil linger, a new report finds 88% of public service employees are worried about their finances and financial decisions. Among those who worry, 77% report doing so while at work, an increase from 66% in 2019.
The research also finds 40% of public service workers report that their employer offers a financial literacy or financial education program, up from 29% in 2019. Among those offered a financial literacy program by their employer, only 35% have participated in the program. However, 67% of those not offered or participating in an employer-provided financial education program indicate they would likely participate in the near future or if offered one.
These findings are detailed in a new research report, Public Sector Employee Financial Wellness Program Needs and Preferences: 2022 Survey Results.
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Other key findings in this report:
of public service workers feel it’s important for their employer to offer a financial literacy program.
of financial literacy programs offered by employers are offered to non-employees, such as spouses and dependents.
of public service workers participating in employer-offered financial wellness programs say the program has led them to make changes to their financial behaviors.
