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 […]
Tag: Workforce Financial Stability Initiative
People Do Save Some of Their Tax Refund, but Could Be Saving More (Links to an external site)
Credit-building services for employees: An assessment of engagement and outcomes
This is one research brief in a series of five completed through the Employee Financial Wellness Programs Project. In this study, we examine administrative data for national nonprofit Working Credit’s employee benefit, which combines credit building education, one-on-one counseling, and access to financial products to help workers establish good credit. Working Credit offers credit-building services […]
Dependent care FSAs: Policy proposals to level the playing field for low- to moderate-income parents
This research was funded by the Annie E. Casey Foundation. We thank them for their support but acknowledge that the findings and conclusions presented in this report are those of the authors alone, and do not necessarily reflect the opinions of the Foundation.The authors are grateful to Don Baylor at the Annie E. Casey Foundation […]
Dependent care FSAs: The uneven playing field for employers and workers
This research was funded by the Annie E. Casey Foundation. We thank them for their support but acknowledge that the findings and conclusions presented in this report are those of the authors alone, and do not necessarily reflect the opinions of the Foundation.The authors are grateful to Don Baylor at the Annie E. Casey Foundation […]
Making dependent care FSAs work for low- to moderate-income families: 5 action steps for employers
Action steps for employers to make DCFSAs more usable and effective at reducing the child care cost burden. Project: Workforce Financial Stability Initiative
The Future of Workplace Wellness: Improving the Benefits of Benefits (Links to an external site)
When asked how employers could help improve their financial lives, connecting them to information and advice was just one idea offered by interviewees. Higher wages and benefits that subsidized or reduced typical expenses were much stronger recommendations, suggesting that employees might find it easier to see valuable solutions in those domains.