In September 2019, Bank of America published a report exploring how employees and employers view improvements in the workplace through the lens of financial wellness, healthcare costs, caregiving, and diversity and inclusion. The 2019 report found growth in financial wellness programs, it also identified areas for needed improvement, including closing the gender gap in retirement savings and engaging on employers’ caregiving responsibilities.
The report suggested that employers have an opportunity to help their employees to overcome challenges uncovered in the report through decisions they make about their benefits plans, financial wellness programs, and diversity initiatives.