What is financial wellness? For the employee, it’s a measure of his financial health, which covers a range of indicators, such as debt-to-income ratio, emergency savings, and retirement readiness. For employers, it’s a program designed to help educate, motivate and empower employees to tackle those issues.
But we’re getting ahead of ourselves. You can’t talk about financial wellness without first taking a closer look at employee wellness as a whole: where did it come from, how did these programs evolve and do they really work?