Publication Date



Social Policy Institute at Washington University in St. Louis


Workplace-based Employee Financial Wellness Programs (EFWPs) aim to strengthen employees’ financial well-being through services such as financial coaching, payroll advances and short-term installment loans, credit counseling, debt management, and online financial management tools. Although EFWPs are a fast-growing part of employee benefit packages, offerings vary widely in service type and delivery method across em-ployers, and little research has assessed their efficacy and reach.1 Our prior research2 indicates significant differences among employees, includ-ing by race/ethnicity3, regarding their awareness, utilization, and self-reported benefits from EFWP services. This brief adds to this research by exam-ining these differences in EFWP reach by employ-ees’ financial circumstances

Document Type

Research Brief

Original Citation

Fox-Dichter, S., Zeng, Y., Despard, M., Frank-Mill-er, E., & Germain, G. (2018). Employee financial wellness programs: Differences in reach by finan-cial circumstances (SPI Research Brief No. 18-02). St. Louis, MO: Washington University, Social Policy Institute.


Permanent URL:



Workforce Financial Stability Initiative (WFSI)