Your Workforce’s Key to Financial Wellness? Pay Literacy!

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Financial wellness programs can go a long way in helping you keep more employees, reduce their stress and boost their loyalty. But according to the Global Financial Literacy Excellent Center’s 2024 study, the average U.S. adult answered only 48% correctly in a test of their financial literacy.

A focus on pay literacy — a vital piece of financial literacy — could help employers improve their workforce’s over all wellness. It defines our knowledge over every component of our paychecks, including taxes, benefits, earnings, deductions and potentially much more.

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