"Every employee is unique and at a different stage of life—and financial stress touches nearly every aspect of it. For example, one just graduated and has a pile of student debt but also needs to balance that with savings and immediate needs. Conversely, another is a new parent experiencing additional spending while still covering existing living costs (not to mention future college funds, retirement—the list goes on). Health care costs continue to create a substantial financial impact for many consumers who find themselves inadequately protected and without emergency savings to fall back on. SAVVI’s study found that these high costs are delaying major life milestones: 35% say it has held them back from buying a home, 15% from starting a family, and 9% from getting married. Even basic decisions like planning for the future become daunting—37% avoid thinking about benefits and retirement altogether because it feels too overwhelming. Financial stress isn’t isolated—it ripples across physical health, mental health, relationships, and long-term planning." - Brian Harrison, President, SAVVI Financial
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