Established in 2017, the Workforce Financial Stability Initiative (WFSI) seeks to understand how frontline employees’ work conditions affect their financial stability and to identify and test workplace innovations to improve these conditions. The WFSI grew out of the Employee Financial Wellness Programs (EFWP) Project, a multi-year effort studying the implementation and outcomes of financial wellness programs in the workplace.

While EFWP services like financial coaching and short-term installment loans may improve the financial stability of some employees, they do not solve for every economic challenge. The WFSI also seeks to examine employer practices and policies such as the design of frontline jobs and types of financial stability supports available to frontline workers.

Additional focus areas include:

  • Gig worker financial stability
  • Employee stock ownership plans
  • Employer-supported student loan repayment