Wednesday, July 6th, 2022 A biweekly topical newsletter from PLANSPONSOR Financial Wellness A spotlight on employee financial needs, as well as trends and practices in employer financial wellness programs. SPONSORED AD Participants The Role of Financial Wellness Amid Rising Inflation As more employees worry about their ability to make ends meet, they are looking to their financial advisers and HR professionals for help. Data and Research Women’s Financial Confidence Is Lower for Retirement Than for Day-to-Day Women are starting to feel more comfortable talking about money, with 53% saying they would find it easier to talk to other women, a new study shows. Benefits PSNC 2022: How to Improve Employees’ Financial Wellness Plan sponsors can offer creative, effective financial wellness programs at little cost by partnering with all benefit providers and advisers. Benefits Debt Challenges All Generations in the Workforce Nearly half of all workers say their current level of debt hinders their ability to save for retirement. Data and Research Consensus Builds Around Early Financial Education The vast majority of U.S. adults think their state should require a semester- or year-long course in personal finance education prior to high school graduation. Data and Research Emergency Savings Programs Boost Retirement Outcomes A report from DCIIA and Commonwealth suggests that emergency savings should be placed in an account that is distinct from funds intended for long-term retirement savings. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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