The results of Prudential’s 2020 Financial Wellness Census are in, and they are not pretty. Since the start of the coronavirus pandemic, more than 30 million people have lost their jobs, more than 100,000 small businesses have permanently closed, and 17% of Americans have seen household income decline by 50% or more.
When people are struggling to convert their income into progress, they end-up being financially vulnerable. Shock events like the COVID-19 pandemic illustrate the importance of building financial stability and resiliency before unexpected challenges.
Employers hold the keys to unlock financial progress for their people. We can help.