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Survey: 2020 Financial Wellbeing and Voluntary Benefits Survey

Survey: 2020 Financial Wellbeing and Voluntary Benefits Survey

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Buck’s Financial Wellbeing and Voluntary Benefits Survey explores how employers are using voluntary benefits to support the financial, physical, and emotional wellbeing of their employees, expanding their benefit options to address the needs of their workforce, and re-evaluating how they measure success.

The survey was conducted before the onset of the COVID-19 crisis. But even before the pandemic hit, it’s clear that employers were deeply aware of the financial stress many Americans struggle with every day. Survey respondents cited this as a top motivator for investing in financial wellbeing programs, backed up by research that shows that financial wellbeing is critical to promoting job satisfaction, loyalty, productivity, and engagement.

Now, as we navigate the impact of COVID-19 on the U.S. economy, financial wellbeing will become even more critical. Certain industries have been more affected than others and workers who have had wages reduced, been furloughed, or been re-hired after a period of unemployment, may need extra support.

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