More Americans Seek Financial Guidance From Employers, BOA Study Finds

Cost-of-living expenses and ongoing inflation are prompting more Americans to look to their employers for help with managing their finances.

A new joint report from the Bank of America (BOA) and Bank of America Institute discovered that 26 percent of the U.S. workforce is looking for assistance when it comes to managing household debt, emergency financing, and overall financial wellness. This represents a significant jump from just 13 percent reported in 2023.