emergency fund

The High Cost of Financial Stress in the Workplace
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
According to the results of a 2024 American Psychiatric Association mental health poll, 43% of adults reported higher subjective feelings of anxiety than they did the previous year. Respondents indicated feeling anxiety related to a number of issues, but high on the list were the economy (77%) and paying bills or expenses (63%). These concerns  Read More →
Financial Stress in the Workplace
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
As the global economy continues to gyrate on an uncertain path, many are feeling increased stress regarding their finances. As of 2022, for example, total U.S. household debt was up more than 8% year over year, according to a study by NerdWallet. And while debt and financial strain are often treated as personal problems, anxiety  Read More →
An Emergency Fund for Life’s Unexpected Expenses
Team SummitBudgeting & Debt, Employee Financial Resource Center, Financial PlanningComments are off for this post
One of the first lessons of finance we are taught, by our parents or through some basic personal finance course, is to make creating an emergency fund our top priority. Having a reserve of cash equivalent to six to 12 months’ worth of living expenses is considered the most fundamental principle of financial security. Yet,  Read More →

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