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D. – 80%
According to a recent study by Greenwald & Associates and Custodia Financial, seventy percent of participants report being financially stressed. Of those who are financially stressed, more than 80 percent say loan insurance would reduce that stress.
The addition of automated 401(k) loan insurance represents a way not only to measurably improve financial wellness, but also to support productivity by reducing financial stress—the #1 cause of employee stress according to PWC’s 2019 Employee Financial Wellness Survey.
This finding was one of many interesting participant views in the study, entitled “Missing Voices: What 401(k) Borrowers Can Add to the Loan Program Conversation.” To read the full report, click here.
INCORRECT – The correct answer is D. – 80%
According to a recent study by Greenwald & Associates and Custodia Financial, seventy percent of participants report being financially stressed. Of those who are financially stressed, more than 80 percent say loan insurance would reduce that stress.
The addition of automated 401(k) loan insurance represents a way not only to measurably improve financial wellness, but also to support productivity by reducing financial stress—the #1 cause of employee stress according to PWC’s 2019 Employee Financial Wellness Survey.
This finding was one of many interesting participant views in the study, entitled “Missing Voices: What 401(k) Borrowers Can Add to the Loan Program Conversation.” To read the full report, click here.
