Shining a light on employee wellness in uncertain times

At the start of 2025, a sense of financial well-being extended to over half the workforce at 52%, up from 47% in 2024 and 44% in 2023. Just a few months later in 2025, financial wellness regressed back to it's 2024 level. All data from respective Bank of America Workplace Benefits Reports from 2023 to 2025.

Debt poses a strong challenge with 85% of employees carrying various types of personal debt. 56% have credit card debt, 50% have mortgages, 24% have student loans. According to the Bank of America Workplace Benefits Report survey, January 2025.

Equity awards are the top additional benefit employees want. And those who receive them feel more optimistic about their careers at 70% than those without awards at 64%. According to the Bank of America Workplace Benefits Report survey, January 2025.

Employees nearing retirement reflect on their savings regrets. 49% say they wish they would have started saving younger, 35% say they should have taken full advantage of their employer's 401(k) match. According to the Bank of America Workplace Benefits Report survey, January 2025.

Health care costs in retirement continue to climb, while health care savings lag. 34% of employees are saving/investing specifically for future health care. According to the Bank of America Workplace Benefits Report survey, January 2025.

The top reason employees stay at their company is good work/life balance. Yet only 51% of those who take less time off than they're offered say their manager encourages them to take paid time off. According to the Bank of America Workplace Benefits Report survey, January 2025.