Are you helping your workforce make their Best Money Moves?
Financial wellness is the #1 benefit employees request.
Sixty-three percent of Americans don’t have $500 in a savings account.
Women in the U.S. have just one-third the retirement savings that men do.
Employees who are financially stressed are more likely to be addicts, sleep-deprived, depressed, be chronically ill and have heart attacks.
Americans are in financial trouble. Sixty-three percent don’t have $500 in a savings account; more than 70 percent have less than $15,000 saved for retirement.
Three-quarters of Americans are struggling with debt and the average debt per person (excluding mortgages or home equity loans) is $37,000. The vast majority of Millennials say they worry about their financial lives constantly. Financial stress has become overwhelming. Financial illiteracy is staggering. People don’t know how to make basic financial decisions that could change their lives.
Best Money Moves helps you make better decisions everyday.
For the past 25 years, award-winning nationally-syndicated columnist, Ilyce Glink, has been demystifying money for millions of Americans through her newspaper column, popular radio show and blogs. She has also helped financial services companies eager to connect in a stronger and more engaging way with their customers and employees. Several companies asked her to design financial wellness programs as a vehicle to either sell their products and services or get consumer assets under management.
Knowing that most employees are financially stressed, and few know how to relieve it, she didn’t think it made sense to try to sell them goods and services they didn’t need. So, she decided to take a different path: Create a mobile-first system that helps people measure their level of financial stress in up to 15 categories, then push the most relevant information, tools, and calculators to them using artificial intelligence and advanced algorithms so they get the help and information they need, not a thinly-veiled sales pitch for other products and services they likely can’t afford.
Glink paired her tech platform with “Money Coaches,” who are experts at providing the sort of budget, debt, credit, housing, and bankruptcy counseling so desperately needed by the vast majority of Americans. These Money Coaches undertake more than 100,000 sessions per year. She later added:
- Financial advisors and tax experts
- Student loan assistance
- Easier ways to find and move 401(k) from former jobs
- An 8-part financial training program called DECISIONS/DECI$ION$
- Discounts and rewards from over 300,000 companies globally
- And much more.