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If you are interested in adding Financial Wellness to your overall wellness package for your employees, please get in touch with Molly at 1.866.996.0334 or email her at molly@savefirstfinancial.org
It may not always be obvious, but more employees than you might imagine struggle to make ends meet. Whether working to control debt or impacted by an unexpected financial emergency, financial insecurity can have a negative ripple effect on someone’s life:
54%
of Americans spend 20 hours each month on personal finances while at work
1/2
of Americans cannot meet an unexpected financial emergency of $400 or more without borrowing from family or using credit
1/3
of Americans report they have no retirement savings; 23% have less than $10,000 saved
Save First can help your employees better manage their money, improving their quality of life and providing a sense of well-being that often spans well beyond their personal lives. Survey respondents reported that:
91% are actively living on a budget, which reduces their daily level of stress
The average increase in savings is $1,650 (more than what we recommend to start their emergency fund)
62.50% of clients have paid down their debt, with the average payoff being $4,500. This allows them to free up discretionary income and save more.
67% of clients have cleaned-up issues on their credit report
83% of clients have increased their credit score by an average of 33 points. Improvements will allow them to rent a home or refinance a car when ready more easily.
If you are interested in adding Financial Wellness to your overall wellness package for your employees, please get in touch with Molly at 1.866.996.0334 or email her at molly@savefirstfinancial.org