Employers focusing more on employee financial well-being, study shows
CNBC • • business
Key Points:
- Employer concern for workers' financial well-being has increased significantly, with 48% rating their concern at 9 or 10 in 2025, up from 22% in 2019, reflecting growing attention to employees' struggles with the rising cost of living.
- Despite inflation easing to 2.7% annually since its 2022 peak, prices have risen over 25% since 2020, causing 57% of employees to live paycheck to paycheck, according to a Bank of America survey of 401(k) participants.
- In response, 70% of employers implemented financial wellness initiatives in 2025, up from 59% in 2024, though fewer employers (43%) believe these programs
