How Poor Frontline Financial Health Drives Higher Employer Healthcare Costs
More than half of Americans have delayed or skipped a medical procedure because of cost. Of those, 46% said that choice led to additional medical issues. Poor financial health makes people sick – and keeps them trapped in a cycle of illness. This isn’t just a problem for employees; it drives healthcare costs up for […]
5 Facts Employers Should Know About Frontline Employees
1. Frontline workers are struggling financially Financial Health Network’s data indicates that 30% of Americans overall are considered financially healthy based on eight different financial health measures; the figure dips to 13% when looking specifically at frontline employees. While 25% of frontline workers are considered financially vulnerable, that’s true of just 17% of the broader […]
Do You Need a Frontline Financial Health Strategy?
Do you need a frontline financial health strategy? That was the topic of our thought-provoking webinar held with our panel of experts from Amazon, Financial Health Network, Mercer, and Brightside. Here are nine key takeaways they discussed that every employer with a frontline workforce needs to know. Click here to watch the full on-demand webinar. […]
10 Reasons Why Typical Financial Wellness Strategies Don’t Work for Frontline Employees
Frontline workers have different needs and barriers to achieving financial health and resilience. These are also the employees driving the most organizational cost in terms of turnover, healthcare utilization, missed work, and more. When you offer a solution specifically designed to improve frontline financial health, your employees’ financial lives improve, and you’ll see it reflected […]
Financial Care at Work: Real Stories, Real Solutions
It is an honor to serve all of our Brightside users with Financial Care, which combines personalized support, behavioral science, and vetted solutions to address financial challenges and make it easy to take steps that improve financial health. Every Brightside user faces a different set of financial needs, priorities, and goals; we meet them where […]
Brightside Becomes the Only Financial Health Solution on UHC Hub
Brightside is now available on UHC Hub, a curated network of vendors from UnitedHealthcare. As the only financial health solution on UHC Hub, we’re honored to join its network of esteemed vendors after successfully completing their vetting process. UHC Hub enables employers to conveniently select and purchase vendor programs that best support their employees’ unique […]
How is Brightside Financial Care Different from Financial Education?
Finances are the leading cause of employee stress, and it costs both employees and employers. While financial illiteracy can contribute to financial stress, it isn’t the only issue at play – and it’s not the root cause. In fact, research shows that one-size-fits-all financial education only correlates to a 0.1% in behavior change. To improve […]
Why Financial Care is Critical to 401(k) Success
In 2022, Americans’ financial health declined for the first time in five years. Today, seven out of 10 Americans are living paycheck to paycheck. Nearly half of Americans who earn $100,000+ a year live paycheck to paycheck, too. Their financial challenges aren’t due to a lack of employer concern for their financial wellbeing. (In fact, 97% […]
Straight from Brightside Customers: Why Fortune 500 Employers Offer Brightside Financial Care
With 70% of employees living paycheck to paycheck, it’s critical that employers find a way to effectively address and alleviate their financial stress. It has downstream impacts on every other aspect of an employee’s life, including health, happiness, workplace productivity, and job burnout. Financial health is even the biggest determinant of life expectancy. Many employers […]
Don’t Be Fooled by How the Pandemic Paradox Masked Financial Health Problems
The COVID-19 pandemic caused widespread global economic chaos, complete with runs on toilet paper and headlines like “2020 Was the Worst Year for Economic Growth Since World War II.” Despite the dire circumstances, many households (on average) were doing better by a variety of financial measures. But benefits leaders need to be careful not to […]
