Survey Insights
A Bank of America survey in May shows only 47% of U.S. workers feel financially secure—down from 52%—while 85% carry debt and 26% seek help—double 2023’s rate :contentReference[oaicite:3]{index=3}.
Despite long-term optimism (68%), 77% express concern about the broader economy :contentReference[oaicite:4]{index=4}.
- Rising debt anxiety across income levels
- Increasing demand for financial wellness resources
- Short-term stress despite hope for long-term recovery
Employer Role
Financial wellness benefits improve morale and retention, yet only a portion of employers offer them—indicating a support gap for employees :contentReference[oaicite:5]{index=5}.
Tools like budgeting apps, debt counseling, and emergency funds can ease stress.
- Need for clearer financial support programs
- Benefit gaps especially in small businesses
- Potential ROI through employee wellness investment
Conclusion & Actionable Advice
Workers should focus on building starter emergency savings, reducing high-interest debt, and requesting wellness tools from employers.
Employers benefit by offering education and matching programs, improving productivity and retention.
- Automate savings even in small amounts
- Consolidate or prioritize debt repayment
- Advocate internally for accessible financial tools