New data from the 2025 Workplace Benefits Report by Bank of America paints a detailed picture of a workforce stressed about juggling rising debt and caregiving duties yet feel financial wellness resources can help drive job satisfaction and productivity.
The 15th annual Workplace Benefits Report is based on nationwide surveys of employees and employers. The report analyzes employee financial well-being and retirement preparedness, the evolving state of the workplace, benefits trends and more.
Some key findings include:
- 85% of employees carry some type of personal debt. In 2025, credit card debt topped mortgage debt for the first time in recent years. Additionally, 1 in 4 employees carry student loan debt, and nearly 1 in 5 have medical debt.
- Almost 6 in 10 employees are caregivers. Employees want caregiving benefits to help with time management and work/life balance. Flexible schedules, leaves of absence and financial wellness programs are their top desires.
- 8 in 10 employers say that financial wellness resources help drive job satisfaction, productivity and a positive workplace culture. However, less than half of employers offer financial wellness
The full report can be viewed here.