As the effects of the COVID-19 pandemic continue to be felt and uncertainties on Wall Street and in the workplace remain, financial health is now more top of mind than ever for U.S. workers. These challenges present employers with a prime opportunity to provide their people much needed support to help improve their financial wellbeing.

Traditionally, when we think about financial wellness and employer-sponsored initiatives, the focus is often on saving for retirement. In recent years, as the makeup of the workforce has shifted and workers continue to have more diverse savings needs, the traditional definition of financial health has grown to encompass the entire savings journey up to and including retirement.