Global Financial Wellness Program Market Top Major Players 2024, Forecast To 2033
8 Mar, 2024
The financial wellness program market has experienced rapid expansion, climbing from $2.04 billion in 2023 to $2.34 billion in 2024, showing a CAGR of 14.5%. Projections suggest growth to $3.83 billion by 2028. Drivers include financial literacy gaps and integration with mental health programs. Foreseen trends encompass AI-driven financial coaching and blockchain for financial transactions, along with gamification for financial education.
Global Financial Wellness Program Market Key Driver
Increasing awareness of financial stress is expected to drive the financial wellness program market. A significant percentage of Americans report feeling financially stressed, highlighting the need for financial wellness programs. Therefore, increasing awareness of financial stress propels the financial wellness program market.
Get A Free Sample Of The Global Financial Wellness Program Market ReportGlobal Financial Wellness Program Market Segments
The financial wellness program market covered in this report is segmented –
1) Type:For Employers, For Employees
2) Program:Financial Planning, Financial Education And Counseling, Retirement Planning, Debt Management, Other Programs
3) Application:Large Enterprises, Small And Medium Enterprises
By Geography: The countries covered in the financial wellness program market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the financial wellness program market in 2023. The regions covered in the financial wellness program market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Financial Wellness Program Industry Players
Bank of America; Empower Retirement; Prudential Financial Inc.; Nationwide Mutual Insurance Company; Morgan Stanley; TIAA; The Massachusetts Mutual Life Insurance Company; Fidelity Investments; Charles Schwab Corporation; Financial Fitness Group; Principal Financial Group; Key Corp Limited; Voya Financial; Edukate Inc.; Paychex; Automatic Data Processing Inc. (ADP); John Hancock; Mercer LLC; Alight Solutions; Ramsey Solutions; AIG Retirement Services; PayActiv Inc.; My Secure Advantage Inc.; Wellable LLC; Transamerica Corporation; LearnLux; Best Money Moves; Bridge Credit Union; BrightDime; Enrich Financial Wellness; LifeCents
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Financial Wellness Program Market Overview
A financial wellness program is a service or project created to assist people in bettering their financial health and money management. Financial wellness programs enable employees to make the most of their salary by giving them the tools to control their daily spending, monitor and evaluate their progress toward saving and retirement objectives, and pay down debt.