Andrea Levere, President of Corporation for Enterprise Development (CFED), explains how employers cannot afford to ignore the negative effects of financial stress on their workers. Instead, helping workers better manage their finances and save more effectively should be part of any comprehensive work benefits package.
“Even families with solid middle class incomes struggle to save for a more prosperous future. A remarkable 44 percent of U.S. households are “liquid asset poor,” meaning they don’t have enough savings to live at the poverty level for just three months if faced with a job loss or other emergency, according to research by my organization.”
Read More in the Huffington Post.
Learn more about how Neighborhood Trust’s Employer Solution is working to address the problem.