The Problem | ProsperBridge

The Problem for the Employer

Traditional benefits are not addressing the core problem of financial stress. Nor are they differentiating your unique culture
Your employees are showing up distracted and financially stressed
Healthcare costs are continuing to rise- and participation rates in most 401(K)s are low
People often leave for a 5% increase in pay- those who are stressed are 2X more likely to be looking (Inside the Wallets)
3 hours per week per employee are lost on money worries (Inside the Wallets)
Those who are stressed are 10X more likely not to finish daily tasks (Inside the Wallets)
Those who are stressed are 9X more likely to have troubled relationships with coworkers (Inside the Wallets)
The impact to your bottom line is 13-18% of your total salary cost (Inside the Wallets)

Traditional benefits are not customized to account for each employee’s unique position
Those with financial worries are 6X more likely to suffer from anxiety and 7X more likely to have depression (Inside the Wallets)
Average interest on a payday loan is 391% (Inside the Wallets)
2/3 of Americans have less than $1,000 saved (The Associated Press)
58% say they experience symptoms due to their personal finances such as (John Hancock)
- Anxiety
- Nervousness
- Feeling overwhelmed
- Headaches
- Lost sleep
- Low energy
- Upset stomach
Nearly half of all employees (49%) have a hard time meeting household expenses on time each month (PwC)