For some young employees, the most important benefit an employer can offer is not health care or 401K matching, but student loan repayment assistance. Companies are pursuing the option to lure millennial employees.
Stephen Dash is the Founder and CEO of Credible.com, a company that helps consumers and companies manage loan repayments and refinancing. Credible.com helps companies facilitate these new benefits packages.
Dash explains that benefits like these help young workers in the short run. According to an American Student Assistance poll of workers age 22 throgh 33:
86% of millennials would commit to an employer for 5 years if the company helped pay back their student loans.
93% of young workers would take advantage of a sign-on bonus targeted at paying back student loans.
92% would take advantage of a match for student loan repayments similar to a 401(k) match.
Netflix released a trailer for a new series called "The Fall of the House of Usher."
Lyft is rolling out a new feature to increase the safety of women and non-binary riders.
Taco Bell is marking Taco Tuesday with some deals.
Beyoncé's birthday wish helped small businesses flourish.
TikTok is releasing a new online shopping feature.
A new survey shows that 56% of investors expect personal consumption to take a downward turn at the start of next year.
A federal survey found that 60% of Americans say they have a hard time obtaining a loan or morgtage as well as a credit card.
New federal data shows that household wealth in the U.S. has broken a record, reaching $154.3 trillion in the second quarter.
Tuesday is National Video Games Day. John Biggs, editor of Knapsack News and host of the 'Keep Going' podcast, joined Cheddar News to provide tips on how to save money on your favorite games.
Childcare centers were given funds during the pandemic to help them stay open but those funds are now expiring which could affect tens of thousands of centers. David Peters, CPA and founder of The David Peters Financial Group, joined Cheddar News to explain the changes that are coming and how to save on child care.
