Solutions to help your employees

Getting employees on the path to financial success can help districts improve teacher recruitment, retention, productivity and morale.

Help educate your employees on ways to help tackle some of their financial challenges so they can find and redirect savings to other life goals and have more confidence in their overall financial strategy.

  • Challenge: Student loan debt – According to the National Center for Education Statistics, the average college graduate has more than $37,000 in student loan debt, which may cause some educators to reconsider their career choice.
  • Challenge: Out-of-pocket classroom spending – Most teachers pay for classroom supplies and materials out of their own pockets, spending an average of $500 or more each year, according to the Scholastic Teacher & Principal School Report: Equity in Education Survey.
  • Challenge: Making ends meet – Data from the National Education Association shows many educators are paid less than other professions with similar degree requirements, and new educators may not have a solid budget strategy.
  • Challenge: Retirement readiness – According to the Employee Benefit Research Institute survey, only slightly more than half of the population is saving for retirement. And of those who have been saving, 45% have less than $25,000 saved toward retirement.

If you would like to schedule a no-cost workshop for your employees, click here or feel free to contact your local Horace Mann representative.

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