Financial Wellness
Expanded parental leave means more than extra days off
To a newborn, 10 weeks is a lifetime. To his or her parents, it can be the foundation to a better life. Yet, only 14 percent of private sector employees receive any paid time off during this critical bonding period. Fortunately, times are changing. On April 1, Prudential Financial increased the period of 100 percent paid parental leave available to eligible employees and Prudential Advisors financial professionals.
Millennials are slowly finding their economic footing but uncertain of future progress, Prudential study finds
NEWARK, N.J., March 20, 2018 - Millennials don’t share the confidence of baby boomers and Gen Xers who believe they’ll be financially better off than their parents, according to a study commissioned by Prudential Financial, Inc. (NYSE: PRU).
American workers' financial security a job for employers, survey says
More than family, higher education or even government, American workers expect their employers to help them achieve financial security, a new Prudential survey reveals.
Prudential: Financial wellness during ‘America Saves Week’ and year-round benefits employers and employees
NEWARK, N.J., February 26, 2018 - In recognition of America Saves Week and Military Saves Week (Feb. 26 through March 3), Prudential Financial, Inc. ( NYSE:PRU ) is calling on employers to adopt a benefits program with financial wellness at its core to help improve financial security for American workers.
Prudential delivers financial guidance to transitioning veterans
Kylee Durant's husband is one of approximately 200,000 servicemembers who will transition out of the military this year, according to the Department of Defense... For these men and women, the switch to civilian life can present significant financial challenges.
93-year-old Prudential policy belongs to a 94-year-old Renaissance man
A letter from the son of a 94-year-old insured soon revealed a story of a mother’s love and a 140-year-old purpose. Bruce Jacobs, an Empire, Michigan resident, and his sister, Carol, found an original one-page life insurance policy while cleaning out the attic at the home of their father, Ralph.
How to Save for Retirement in the Gig Economy
The freedom and flexibility that independent contracting affords make it attractive to millennials, but older generations are also taking notice. The typical gig worker, according to a Prudential white paper, is in his late 40s while the average age for the traditional full-time worker is 43. The primary motivator for joining the gig economy is overwhelmingly financial; 44 percent of gig workers included in the report said they pursued gig work to pay the bills. Older workers were more likely to gravitate toward such work for purely financial reasons.
American workers trust life insurers for financial security, survey says
What keeps American workers awake at night? For one in three, it’s the fear of losing a loved one.
This finding, among several insights from the American Workers Survey, could be why 87 percent of respondents say life insurance is important, and why two in three have coverage.
In open letter, Prudential appeals to corporate leaders on financial wellness
Nearly six in every 10 American workers are stressed about their current financial situation—and Prudential is calling on all U.S. employers to do something about that stress.
Natural disasters don’t need to be financial disasters
Even if the damage to homes and personal property is devastating, the financial impact of a natural disaster doesn’t have to be. There are lessons to be learned from those who bounced back from past disasters—and the strategies, programs and policies that helped them do it.
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