Employee financial wellness programs: Opportunities to promote financial inclusion?

2020 ◽  
Vol 28 (3) ◽  
pp. 219-233
Author(s):  
Mathieu R. Despard ◽  
Ellen Frank-Miller ◽  
Sophia Fox-Dichter ◽  
Geraldine Germain ◽  
Matthew Conan
2019 ◽  
Vol 34 (4) ◽  
pp. 241-264 ◽  
Author(s):  
Ellen G. Frank-Miller ◽  
Mathieu Despard ◽  
Michal Grinstein-Weiss ◽  
Meredith Covington

2020 ◽  
Vol 52 (4) ◽  
pp. 156-174
Author(s):  
Mathieu R. Despard ◽  
Ellen Frank-Miller ◽  
Yingying Zeng ◽  
Sophia Fox-Dichter ◽  
Geraldine Germain ◽  
...  

Interest among employers is growing in employee financial wellness programs (EFWPs), a new type of benefit to address financial stress among employees. EFWP benefits include financial counseling, small-dollar loans, and savings programs that address employees’ nonretirement financial needs. Little evidence exists concerning the availability and use of and outcomes associated with EFWPs, especially among low- and moderate-income (LMI) workers who may be in the greatest need of these benefits. We present findings concerning awareness and use of EFWPs from a national survey of LMI workers ( N = 16,650). Availability of different EFWP benefits ranged from 11 to 15% and over a third of workers were unaware of whether their employer offered an EFWP. Experiencing financial difficulties predicted both EFWP awareness and use suggesting that employers should take time to assess employees’ specific financial challenges to select benefits. Yet, use of EFWPs by LMI workers may suggest the need for better compensation and work conditions.


2020 ◽  
Vol 35 (3) ◽  
pp. 137-157
Author(s):  
Ellen G. Frank-Miller ◽  
Sophia R. Fox-Dichter ◽  
Sloane Wolter ◽  
Jenna Hampton ◽  
Kourtney Gilbert ◽  
...  

2012 ◽  
Vol 3 (7) ◽  
pp. 269-270
Author(s):  
Dr. Pallavi.S Kusugal ◽  
◽  
Dr Nagaraja. S Dr Nagaraja. S

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