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Amid economic uncertainty, including higher costs of living and persistent inflation, many employees say they want advice about long-term savings and managing personal finances, according to Bank of America’s 2025 Workplace Benefits Report.
Compared with two years ago, “twice as many American workers are looking to their employer for guidance and resources,” according to the report, which was released last week. This year, 26% of survey respondents reported seeking help to improve their financial health, including increasing savings or reducing debt, compared with 13% in 2023. Employees are also interested in resources and advice on retirement planning—including strategies for making money during this time—and developing good financial skills and habits.
See also: Emergency savings: A ‘gateway drug’ to better retirement savings
The report found that more than two-thirds of employees remain optimistic about their financial future over the next three years and are confident they are on track to achieve their retirement lifestyle goals. The same percentage say saving for retirement is a top financial goal, but they are struggling to pay down debt and build emergency savings. Only about one-third of employees are saving for healthcare expenses during retirement, even though these costs continue to surge, the report said.
