It’s critical for HR professionals to understand that underrepresented minorities have higher than average barriers to financial stability. In fact, compared to white college graduates, Black and African American college grads owe an average of $25K more. More than 1 in 5 LGBT households are unbanked or underbanked compared to 18.0% of non-LGBT households. And, about 4 in 5 Latino households have less than $10K in retirement savings.
By ignoring these discrepancies and limiting your employees to a one-size-fits-all financial well-being program, you could be missing out on top, diverse talent. But, what does an inclusive and personalized financial well-being program look like? And how can you champion more inclusive wealth-building options and support financial literacy amongst employees? Download this playbook to learn more, including:
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