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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. businesses approximately $40 billion in lost productivity in 2022 alone. The implications of such financial distress are profound, costing U.S. Here are some options: 1.Retirement

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Many Employees Literally Cannot Afford To Return To The Office And Employers Are Considering Picking Up The Tab

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Inflation is at a 41-year high and soaring gas prices are taking a toll across the country, with hourly workers bearing the brunt of these challenges — 81% reported that record gas prices have made it hard to pay other expenses. . In May 2021, commuter expenses accounted for only.23% 23% of all claims.

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How Financial Wellness Programs Can Benefit Employees and Employers

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Human resource leaders have observed cash-strapped employees reducing retirement contributions and talking about how money-related stress has negatively affected their work lives, according to a 2022 financial benefits study conducted by Morgan Stanley at Work. Such benefits can yield significant results.

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Welcome To The Age Of Polyworking: The Multi-Job Revolution Led By Gen Z

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in 2022, it remains significantly higher than the two decades prior when it was below 3%. In order to keep up with everyday expenses, workers are having to find quick solutions, and having multiple jobs and side hustles seems to be one of the most popular options. The consumer price index, a key measure of U.S.

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Business Travel Is Back: How to Maximize Your Miles

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Neff isn’t the only professional preparing to rack up airline miles again in 2022. The right credit card for your business travel needs will depend on several factors, including the size and maturity of your business, your expense levels and your credit profile. You can redeem the rewards for cash or to help cover travel expenses.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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For 2022, freelancers will pay 15.3% Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. in FICA taxes , which contribute to Social Security and Medicare.

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

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Investments toward your future should be the last expense on your chopping block. in the first quarter of 2022 and 0.6% That might be bad news for those already in retirement or close to it—Americans lost about half a trillion dollars in wealth in the first quarter of 2022. As of July 31, 2022, there were 11.2