Publication Date



Social Policy Institute at Washington University in St. Louis


Employee Financial Wellness Programs (EF-WPs) consist of a wide array of workplace-based services and benefits that aim to enhance em-ployees’ financial well-being, such as in-person financial coaching, online financial management tools, and payroll advances or short-term loans. EFWP provision varies across employers with few organizations offering the same set of services. The recently released Employee Financial Well-ness Programs Project: Comprehensive Report of Findings notes that EFWP utilization rates and employee self-reported benefits also vary widely. This report continues the examination of varia-tion in EFWP trends by breaking down measures of EFWP reach by employee race and ethnicity. We examine three measures of differences in EFWP reach: awareness of, use of, and self-reported benefits from EFWP services. By examining these three measures by employee race and ethnicity, we hope to determine whether any group of em-ployees has a substantially different experience with EFWPs than others.

Document Type

Research Brief

Original Citation

Fox-Dichter, S., Despard, M., Frank-Miller, E., & Germain, G. (2018). Employee financial wellness programs: Differences in reach by race and ethnic-ity (SPI Research Brief No. 18-01). St. Louis, MO: Washington University, Social Policy Institute.


Permanent URL:



Workforce Financial Stability Initiative (WFSI)