Building a better safety net for small businesses (Links to an external site)
In an op-ed by Michal Grinstein-Weiss, SPI, and Salah Goss, Mastercard Center for Inclusive Growth, SPI research suggests that more equitable financial policies and services are needed to support small businesses.
U.S. Census Data Shows Child Tax Credit Promotes Work, Entrepreneurship (Links to an external site)
Yahoo references an SPI study whose findings show that the CTC has enabled low-income families to work.
Building an effective employee financial wellness program [5 Key Insights]
Anyone who does a “happy dance” on payday knows how much employers affect our financial lives. Most of us depend on employment to make ends meet and pursue our long-term goals. That’s why through the Workforce Financial Stability Initiative, we’ve been studying employee financial wellness programs (EFWPs) since 2017. Our motivation was simple: with growing […]
Guest opinion: How to help your employees avoid the perils of payday loans (Links to an external site)
WashU’s research with employee financial wellness programs, specifically related to employee loans, was featured in a recent op-ed with St. Louis Business Journal.
SPI researchers win top awards for papers at ACCI Conference
Yingying Zeng, Mathieu Despard, and Sophia Fox-Dichter received the National Endowment for Financial Education (NEFE) Paper Award for their paper “Workplace Financial Counseling: Credit Outcomes Among Lower-Paid, Entry-Level Workers”.
Stephen P. Roll, Blair D. Russell, Dana C. Perantie, and Michal Grinstein-Weiss received the JCA Best Article of the Year for their paper “Encouraging Tax‐Time Savings with a Low‐Touch, Large‐Scale Intervention: Evidence from the Refund to Savings Experiment”.
Employees are stressed about money. Financial wellness benefits can help. (Links to an external site)
The National Fund for Workforce Solutions and the Social Policy Institute at Washington University in St. Louis have collaborated on a new Guide to Employee Financial Wellness to help employers identify the best program for their team. The guide combines four years of research and best practices collected from a wide range of employers using employee financial wellness programs.
United Way extends a financial life raft to employees who need it (Links to an external site)
United Way is offering TrueConnect, an employee financial wellness program, through a partnership with the National Fund for Workforce Solutions and Social Policy Institute at Washington University in St. Louis. It is available to for-profit and nonprofit employers with 100 or more employees.
National Fund for Workforce Solutions Receives New Funding to Promote Good Jobs (Links to an external site)
In today’s tight labor market, employers compete for talent and jobs are plentiful. And workers have choices…
Five things to know about Financial Wellness Programs (Links to an external site)
According to a 2017 survey by benefits consultants Alight Solutions, almost 25 percent of employers have a financial wellness program in place, and almost half are in the process of creating one. Some three out of four firms with more than 10,000 employees now offer a financial wellness program, according to a recent study by the Employee Benefits Research Institute. Wasik, J.