After our webinar last week on the new stimulus bill, a lot of you reached out to your Brightside Financial Assistants with some additional questions. We’ve rounded up the most common ones below. This bill is such a massive piece of legislation that no one has really figured out all the implications yet. We’re following all the news and guidance up to the minute and will be updating this page accordingly.
President Biden has just signed into law one of the most significant financial packages for working families in recent memory. It’s going to change the lives of many of your employees. Unfortunately, the $1.9T stimulus does little to reduce the complexity of navigating government programs. And it still leaves employees with the task of financial planning in the face of great uncertainty.
Cost increases for things like housing, college, and healthcare have far outpaced wage growth for decades. This NPR article shows how households across America—from below-average incomes up to $200,000 or more—are living paycheck to paycheck as a result. This is what we built Brightside to address.
Subprime credit scores shut employees out of credit opportunities and access to critical funds. This contributes to absenteeism, employee turnover and increased healthcare costs for employers. Can an Employer boost the bottom line by improving the Employee’s credit score?
Prior to the COVID-19 crisis, Americans had more debt than was manageable. COVID-19 has left these individuals highly susceptible to becoming victims of predatory lending, dropping them into spirals of deepening debt. But Employers can break the cycle by providing Financial Care as a root-cause solution.
I remember the evening Shawn Leavitt and Michael Yang sat me down at a bar in Seattle after a dinner for the board of Accolade, a healthcare company I'd co-founded. It quickly became apparent that I was being pitched an idea -- to create a business that would help working families navigate the financial system.
What employers need is safe and effective financial care. Now they can provide their families access to someone knowledgeable, someone on their side, someone who doesn't make money off of their financial product decisions.