emer sav prog researchGrowing Appetite for Emergency Savings Programs

The number of employers offering an emergency savings program is expected to more than triple within the next 12 months. The COVID-19 pandemic and associated economic downturn sheds the spotlight on the cost of a financially unwell workforce. Many employers are taking steps to enhance the Financial Wellness of their workforce by offering emergency savings programs. Projections are supported by a survey of 70 member advisors of the Council representing more than 8000 plans and 4 million participants. This is the first of several report in a series from this study on Financial Wellness programs and engagement.

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