Since the March 23, 2020 low, the S&P 500 has regained 47% of its value and was positive for the year as of June 8, 2020. [1]
The financial anxiety from COVID-19 has created even greater urgency for employers to offer a comprehensive financial wellness solution to their employees.
The COVID-19 crisis is a major health threat not only to society as a whole, but also to your employees and their families. The financial stress caused by the pandemic is also one of the most challenging financial situations they will ever encounter.
Mike Tyson famously said, “everyone has a plan until they get punched in the mouth.” The pandemic has been quite the left hook, disrupting our schedules, businesses, schools, and certainly our finances.
Global stock markets have fallen significantly in response to the spread of the coronavirus. While market losses of this magnitude are not uncommon, the speed at which the losses have occurred are a bit more unusual. With that in mind, here are a few other thoughts in response to the recent market losses.
How Do Your Employees Envision Their Retirement?
Think about your physical health. If you want to lose weight or improve your fitness, you can read about it all you want. You can turn on a webinar and watch somebody doing the exercises. You can even go to a gym and listen to the trainer encourage and motivate you. But until you actuallyContinue reading “Financial Wellness Education Alone is Not Enough”
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