According to a new report from the Commonwealth Fund, hospital services—whether inpatient, outpatient or emergency room care—account for nearly two-thirds of medical debt.
"One thing that work has taught me is that transformation almost never happens by accident," writes Kimberly Carroll. And financial wellness is no exception.
Employers may have an incentive to help workers build emergency savings as financial strain increasingly spills into attendance, productivity and retention.
New research from PwC highlights the extent of the employee financial wellness crisis, as 47% of Gen Xers say they will retire later than originally planned because they don't have enough saved.
"Financial wellness isn't just a fluffy benefit," says Rebecca Wettemann, CEO of analyst firm Valoir. "It's a lever for reducing burnout, improving retention and driving measurable productivity and performance gains."
