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Financial Security

Why Employers Care

Financial security, characterized by a lack of worry about money and the perception that one has enough money, is an important contributor to one's well-being.1 According to Gallup research "a lack of worry about money has more than double the impact of income on overall well-being," and the feeling that you have enough money to do what you'd like "has three times the impact of your income alone on overall well-being."2

Employee financial security is important to employers because insecurity about one's finances can lead to stress, anxiety, insomnia, headaches and depression—all of which are associated with increased health care costs and decreased productivity.3

What Can Employers Do?

Survey data shows that employees' financial situation is their number one source of stress.4 Employers are taking note of this and many are offering an array of solutions to help employees reduce finance-related stress that go well beyond traditional retirement planning and include:

  • Financial seminars/lunch-n-learns
  • One-on-one sessions with financial advisers or coaches
  • Financial health challenges
  • Student loan repayment benefits

Figure 1: Financial Well-being Program Offering

Source: The NBGH/Fidelity Investments' Annual Employer-Sponsored Health & Well-being

References (show references)

1 Rath T, Harter JK. Wellbeing: The five essential elements. NY: Gallup Press; 2010.

2 Ibid.

3 Gallup. The business case for wellbeing. Accessed July 8, 2015

4 Aon Hewitt, The National Business Group on Health and The Futures Company. The Consumer Health Mindset. Unpack the Experience. Unleash the Possibilities: 2014. Accessed July 22, 2015.

Page last updated: May 2, 2016

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