This month, student loans will resume collecting interest for the first time since payments were paused in March of 2020, with payments due in October. This shift will drastically impact the financial planning and budgeting of 43 million Americans, several of whom likely work at your organization.
How can organizations provide employees with financial education to help them become savvier savers, spenders and investors — and what role do communicators play?
During Ragan’s Employee Experience and Wellness Conference in Denver last month, Ragan Content Director Jess Zafarris had a conversation with Barrett Scruggs, VP of SoFi bank’s financial wellness platform SoFi at Work, along with Gregory Morgan, senior manager of communications at the National Endowment for Financial Education (NEFE), to find out.
Here’s what we learned.
NEFE polls of American adults on their financial education throughout the year and has some telling data points: