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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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Employers offering a range of financial support options — such as retirement planning workshops, debt management counseling, and savings incentive programs — can lead to a more stable, productive, and health-conscious workforce. businesses approximately $40 billion in lost productivity in 2022 alone. Here are some options: 1.Retirement

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Economic Uncertainty is Driving Baby Boomers Back to the Workforce

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sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching.

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U.K. Companies Retreat from Flexible Work Options, Put Workforce Diversity At Risk

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According to a recent report published by Bloomberg , data from Reed Recruitment reveals flexible job listings have decreased by 4% since February 2024 — with a 40% drop in mentions of flexible hours or part-time roles compared to 2022. Analysts believe that the decline in flexible work opportunities is likely to disproportionately affect women.

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These Top 10 Celebrity Franchise Owners Are Winning Outside the Limelight, Too

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As of 2022, the former Los Angeles Lakers star owned several TGI Fridays franchise locations and several Starbucks coffee shops. Drew Brees The former NFL quarterback scored a touchdown in retirement with his investment in multiple franchises. with each location generating roughly $731,000 in revenue every year (as of 2022).

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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. In 2022, YNAB launched a financial wellness benefits package for employers that includes access to online classes, workshops and more.

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4 Steps Everyone in Their 20s Should Take to Beat a Potential Recession

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According to the Nationwide Retirement Institute, 15% of Gen Zers and millennials “reduced contributions to their 401(k) and similar retirement plans over the last year.” in the first quarter of 2022 and 0.6% However, for anyone over a decade from retirement, the recession presents a discounted buying opportunity.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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The rate of inflation, or measure of price increases, hit the highest level in more than 40 years in 2022. Inflation likely peaked in 2022, but will probably come down only gradually in 2023—and may not get back to pre-pandemic levels by year-end, Horneman says. Consider 2022: The S&P 500, a benchmark for the U.S.

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