With debt levels per person higher than ever before, there is an alarming trend of employees who do not possess the regulation or tools to responsibly save for a stable retirement. This also causes high levels of stress for people, which trickles down into their everyday lives.
In response to this challenge, we created a unique division and solution at Green Benefits Group for our members – access to a Financial Health Team. This program is a complimentary service and an opportunity for our clients to support the financial wellbeing of their employees.
Significantly, millennials are worried about their finances more than any other age group, according to BlackRock study.1 58% of people ages 18 to 34 said they are too focused on their current financial situation to save for their future, and 47% of respondents to a survey conducted on behalf of insolvency firm MNP said they don’t expect to be able to cover basic living expenses over the next year without taking on more debt. A slightly greater proportion (48%) of respondents said they have less than $200 remaining at the end of the month after covering living expenses and debt payments.
Green Benefits Group focuses on how individuals or families obtain, budget, save and spend their monetary resources over time, taking into account various financial risks and future life events.
Below are just some of the tools we use in our financial planning process to assist you in your goals:
