Financial Wellness Program is a program designed to educate employees about personal financial risks (which may include loss of income due to premature death or illness, unexpected out-of-pocket medical expenses, etc.) and provide tools to manage those risks. Being stressed about finances is a huge mental drain, this might entail switching jobs, offering financial wellness programs may go a long way towards attract and retain employees; Financial stress can hurt your employees’ engagement in a number of different ways, offering financial wellness programs can improve employees' engagement; Financial stress – really any kind of stress – puts a significant strain on the body and leads to all sorts of health problems, offering financial wellness programs can lower healthcare premiums; and offering financial wellness programs also can early retirement plan.
Financial Wellness Program is solutions that can help companies provide their employees with financial management education, including planning, budgeting, and alleviating financial stress. And the Financial Wellness Program can be classified to For Employers and For Employees types, and the For Employers type is leading the growing market at present.
Financial Wellness Program is used to designed for large enterprises such as Fortune 100 companies at one-by-one financial services, but these years, with the developing of digital tech, more and more employers and employees put attention on financial wellness program, to improve the enhance job attraction, keep the talents and relieve the financial stress. So there are many types of players entered into this industry, such as large financial services and banks player Morgan Stanley, insurance companies such as Prudential, FinTech companies such as PayActiv and SmartDollar, nonprofit agencies like Prosperity Now and credit unions like Bridge Credit Union. At the same time, these players noticed more on the employees’ type product and some of them focus on the small and middle enterprises, while used in the mobile is another trend of this industry.
In 2018, the global Financial Wellness Program market size was 1368 million US$ and it is expected to reach 2582.2 million US$ by the end of 2025, with a CAGR of 9.5% during 2019-2025.
This report focuses on the global Financial Wellness Program status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Financial Wellness Program development in United States, Europe and China.
The key players covered in this study
Mercer
Fidelity
Prudential
Morgan Stanley
Bridge Credit Union
Health Advocate
My Secure Advantage (MSA)
Edukate
BrightDime
Wellable
Your Money Line
Financial Fitness Group
Enrich
KeyBank
Prosperity Now
SmartDollar
PayActiv
Interface
Market segment by Type, the product can be split into
For Employers
For Employees
Market segment by Application, split into
Large Enterprises
SMEs
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Financial Wellness Program status, future forecast, growth opportunity, key market and key players.
To present the Financial Wellness Program development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Financial Wellness Program are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Financial Wellness Program . Industry analysis & Market Report on Financial Wellness Program is a syndicated market report, published as Global Financial Wellness Program Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Financial Wellness Program market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.