Financial Wellness or Cash Flow Band-Aid?


This white paper explores the impact upon the overall financial wellness of workers when using various financial point solution benefit programs such as earned and early wage access (EWA), buy-now-pay-later (BNPL), and small dollar employer loan programs. It also explores the pros and cons of point solutions and potential positive or negative effects on employees’ overall financial well-being. Analysis and discussion include whether point solutions provide a meaningful “financial wellness” benefit as often touted, or if these limited benefits are more of a short-term fix approach to serious financial challenges faced by workers: pervasive consumer debt, low wages, and cashflow mismanagement. The paper concludes with a comparison of point solution outcomes versus a holistic financial coaching and wellness approach.

To read the full Report, download now.

  • Download

More like this:

Young woman working from home wearing protective mask

COVID-19 Special Report: The Impact of a New Normal

At the time of this report, America is battling the COVID-19 global pandemic. In response to social and economic pressure, ...
Read More
Liz Davidson

Q&A with Financial Finesse CEO, Liz Davidson

Financial Finesse’s 2019 Year in Review Research Study & The Impact of a New Normal Post COVID-19 View the entire ...
Read More