09/17/2020

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SoFi Blog

Tips and news—
for your financial moves.

10 reasons financial wellness is important in workplace

Top 10 Reasons Financial Wellness is Important in the Workplace

Healthy and committed employees are the backbone of any great business. You want your employees to exercise, eat well, and get plenty of sleep to perform optimally. But their financial wellness and the impact that has on their productivity, focus, and overall well-being also affects your company.

Workplace financial wellness programs are growing in popularity due to the many benefits for employees and employers. You might already be offering free food and foosball, but those perks don’t stack up to the support you can provide employees dealing with financial issues. Providing a comprehensive financial wellness program helps alleviate those concerns and strengthens your workforce.

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Student loan benefits for employee wellness

Workplace Stress Busters: How Employee Wellness Programs Are Supposed to Work

For SoFi’s millennial members, Twenty One Pilots’ hit “Stressed Out” is more than a good song—it’s an anthem. And this lyric says it all: “Out of student loans and treehouse homes, we all would take the latter.”

How could it not? Roughly 70% of 2016 college graduates borrowed to get their degrees, leaving them with a whopping $37,172 in student loan debt, up from about $35,000 in 2015.

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