Technology

Vestwell Survey Uncovers Increased Demand for Workplace Financial Wellness Benefits

Published

3 years ago

February 12, 2024

Over 1,200 employees surveyed illustrate new opportunities for business owners and financial advisors

NEW YORK, Feb. 12, 2024 /PRNewswire-PRWeb/ — Vestwell, the leading employer and individual savings platform, released its annual Savings Industry Report today. Over 1,200 employees were surveyed nationwide to showcase saving habits, evolving benefits preferences, and challenges savers are experiencing in today’s economic climate. The results illustrate the future of financial wellness and workplace savings —and how employers and financial advisors can align their offerings with evolving employee priorities.

“Our mission of closing the savings gap aligns with this new era of employee benefits – one where technology and personalization converge,” said Aaron Schumm, founder and CEO of Vestwell.

“Employees are increasingly viewing financial wellness offerings as a ‘must-have’ in today’s workplace environment. With inflation fears and uncertain economic outlooks affecting retirement goals, employers and advisors have a huge opportunity to enhance their offerings beyond the traditional 401(k),” said Aaron Schumm, founder and CEO of Vestwell.

Workplace Retirement Benefits Are Expected

According to the survey, employees are increasingly expecting retirement offerings from their employers:

85% of respondents expect their employer to offer retirement benefits.89% of those surveyed would be more likely to continue working for an employer that offered a retirement benefit.

Workplace Education Savings Benefits are Gaining Momentum

Savers increasingly look for employers to offer expanded financial wellness offerings.

93% of survey respondents with student loans reported that their student debt has affected their ability to save.74% of those with student loans agree that they would be more likely to continue working for an employer that offered student loan-related benefits.73% placed some level of importance on having a 529 Education Savings Account in their workplace benefits package.

“The student debt crisis continues to create barriers for Americans looking to save for retirement. By offering the latest savings solutions to their employees, employers can enhance retention and employee wellbeing,” added Schumm. “If we want to help people save for retirement, we must also provide holistic financial wellness benefits that reduce these barriers to savings.”

Employees are Seeking Personalized Financial Wellness Solutions

A growing number of savers are seeking personalized financial wellness solutions through financial advisors, managed accounts, and digital tools.

41% of respondents plan to work with a financial advisor in the future.94% of respondents think a tool that offers digital personalized investment suggestions would be valuable.

Inclusive Financial Wellness Benefits Are on the Rise

Vestwell’s report also highlights an emergency savings account shortfall.

38% of respondents reported less than $1,000 in emergency savings.Nearly 70% of respondents expressed willingness to participate in an emergency savings account (ESA).87% of employees placed some level of importance on having access to a health savings account (HSA) in the workplace.

“Our mission of closing the savings gap aligns with this new era of employee benefits – one where technology and personalization converge. The future of financial wellness is accessible, inclusive, and tailored to meet the diverse needs of every saver,” added Schumm.

Vestwell conducted its survey in the summer and fall of 2023 to understand how Americans save and what they’d like to see from employer-sponsored retirement programs. To learn more about the annual Vestwell Savings Industry Report, please visit our website .

About Vestwell

Vestwell is a leading employer and individual savings platform. Founded in 2016, the New York City-based fintech company is transforming access to essential financial wellness and savings programs to close the American savings gap. As an extension of its partners, Vestwell enables a suite of programs, including retirement, health, and education, such as 401(k), 403(b), IRA, 529 Education savings, student loan matching and paydown services, ABLE disability savings, and Emergency Savings programs. Today, Vestwell enables over 350,000 businesses and well over a million active savers, with nearly $30 billion in assets saved in all 50 states. To learn more visit vestwell.com.

Media Contact

Nicole Wood, Vestwell, 1 5302773951, nicole.wood@vestwell.com

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SOURCE Vestwell

Technology

Why We Still Appreciate Bada Shanren’s Works Today

Published

6 minutes ago

October 19, 2026

NANCHANG, China, Oct. 19, 2026 /PRNewswire/ — A report from Jiangxi International Communication Center (JXICC): The year 2026 marks the 400th anniversary of the birth of Bada Shanren. He was an outstanding master of Chinese calligraphy and painting. His works are treasures of traditional Chinese calligraphy and painting, embodying profound Chinese aesthetics and humanistic heritage, and exerting a far-reaching influence on international art.

Recently, the Event for the 400th Birth Anniversary of Bada Shanren “The Cosmos as Inner Heart: International Youth Step Into Bada Shanren’s World of Art” was held in Qingyunpu District, Nanchang City, Jiangxi Province— the hometown of Bada Shanren. Chinese and foreign youth representatives and guests from 19 countries and regions including the United States, Russia, Morocco, Turkmenistan and the Republic of Korea participated.

Brushstrokes Without Borders: A Cross-Cultural Art Dialogue

Four hundred years of ink transcends borders. Even with different cultural backgrounds and languages, people can transcend cultural differences and feel the resonance brought by art. Khollii, a Tajik student studying in Jiangxi, was captivated by the distinctive charm of Bada Shanren’s artworks and shared her story about brushstrokes, “This powerful personal expression aligns closely with the pursuit of individuality in Western modern art.”

Bada Shanren’s 400-Year-Old Inner Story Unfolds to Twin Students

Mexican twin international students Luis and Erick are studying in Jiangxi. At first, they were confused by Bada Shanren’s paintings, depicting fish and birds with upturned eyes amid expansive blank spaces. After learning about the artist’s life, they sensed the unyielding emotion in his brushwork. They hope to act as a cultural bridge, sharing the timeless charm of this Jiangxi master’s art with global audiences.

Why We Still Appreciate Bada Shanren’s Works Today

Why do we still appreciate Bada Shanren’s works today? As a foreigner, Mickie from Panama has her answer. To understand Bada Shanren’s works do not need mastery of classical Chinese, thorough knowledge of the complex history of the Ming Dynasty, or deep research into every detail of his life. “Simply feeling the emotions conveyed in his paintings can spark a spiritual dialogue across hundreds of years.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/why-we-still-appreciate-bada-shanrens-works-today-302912481.html

SOURCE Jiangxi International Communication Center(JXICC)