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4 Ways To Financially Support Your Employees (Other Than Raises)

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Employee financial stability dropped almost 10 percentage points in 2022; more than half of the country’s workers are living paycheck to paycheck. According to Betterment’s 2022 Financial Wellness Barometer , 64% of respondents claim that financial wellness isn’t about saving for the future or planning for unsuspected situations.

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Lessons From Past Recessions

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As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)? Beef up your emergency fund.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

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With a financial industry that disproportionately targets marginalized groups while giving advantages to cisgendered white men, the very act of a woman pursuing financial literacy and wellness is feminist. This industry was not created to be easily accessible for women, and it can be challenging to know where to start.

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During a Recession, Entrepreneurs Are in the Driver’s Seat

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During another event in April 2022, after the passing of the American Rescue Plan, President Biden expanded on the benefit of small businesses. Even the healthcare industry, often considered a safe zone, trimmed areas of its workforce. And companies that weren’t cutting jobs cut benefits, from retirement funds to healthcare coverage.

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