Financial Health Dashboard
Through this dashboard we’ll periodically release resources that help paint a picture of our members’ financial health, the challenges they face, and recommendations to improve their financial health outcomes.
Members Struggle to Reach Pre-Pandemic Employment Levels
The majority of the 20% unemployed say they were working prior to COVID, and they’re unable to find work now.
Member Employment Remains Stagnant
Why have so many more people reported their hours have been reduced? In September, we saw a 33% spike in members reporting their employer cut their hours versus pre-pandemic levels.
Un- and Underemployment Increases from July 2021
In August, the percentage of SaverLife members who indicate they are working at pre-pandemic levels fell 14%.
December Unemployment Update
73% of SaverLife members continue to report that they are unemployed or have lost hours as a result of the pandemic.