2020 Financial Wellness Year in Review

Abstract

The state of financial wellness of the U.S. workforce improved in 2020 despite the economic challenges created by the COVID-19 pandemic. The greatest improvement occurred in the areas of cash flow, debt management, and homebuying. Employees that maintained a handle on cash flow and an emergency fund prior to 2020 fared best during the pandemic, leading many employers to add financial resiliency to their list of key focus areas in 2021. As concern for racial financial equity and equality grows, we expect to see more emphasis on diversity and inclusion (D&I) in workplace financial wellness initiatives in the coming years.

To read the full Report, download now.

  • Download

More like this:

Race and Financial Stress Special Report

Race and Financial Stress Special Report

Executive Summary The racial wealth gap in America has garnered much attention as part of the fight against social injustice ...
Read More
Man Using Laptop And Talking On Phone At Home

What’s it really like to work with a financial coach?

Until they’ve tried it, your employees will never know; and not knowing may be keeping them from engaging with a ...
Read More
How to Invest in a Taxable Account

How to Invest in a Taxable Account

I recently wrote about how to invest in a Roth IRA and in your employer’s retirement plan. But what about ...
Read More