With each paycheck, employees are funding debt they incurred in the past, paying for current needs—including healthcare--and trying to prepare for the future. In many cases, financial decisions they made months or even years ago are impacting their financial well-being today and jeopardizing their retirement readiness.

This is causing stress and anxiety, undermining employees’ mental health and fueling disengagement and turnover. Understanding this web of competing financial priorities can help employers offer the financial well-being benefits that will have the most impact.

• 62% of employees are paying off existing debt.
• Americans are carrying a lot of debt: Average consumer debt--$96,371; Average student loan debt--$38,487; average credit card debt--$5,221
• Average monthly student loan payment: $393
• Employees with student loans delay major life decisions, including getting married, having kids and buying a house. For example, for those with an initial student loan of $150k or more, 51% delayed starting a family.
• 84% of employees with student loan debt say it’s impacting their ability to save for retirement.

‍Download the eBook to see three student-loan busting suggestions.