This coupled with historically low interest rates could give employees enough of a boost to finally tackle and pay off their credit card debt. For starters, you can look at implementing a financial wellness program, similar to a health wellness program. It makes good business sense to inspire your employees to better financial help. A 2017 study by asset managers Mercer estimated U.S. companies lose roughly $250 billion a year to employees’ financial stress. • Lower interest rates.

Source: Forbes March 31, 2021 11:15 UTC