The economic impacts of family building benefits
The people we love mean everything to us. Whether it’s our chosen family or relatives by blood, expanding the branches of our family trees is often human nature. And while building a family can be one of life’s greatest joys, it’s also more complicated – and expensive – than it’s ever been.
The financial, mental and emotional demands of having or guiding a child through life often stop people from taking on parenthood. As these challenges grow alongside an increase cost pressures and an increasing need for fertility intervention, more employees are looking to their workplaces for family-building benefits that offer the support they need to make their dreams of parenthood a reality.
Securian Financial recently conducted a two-pronged research effort, including qualitative discussions with HR Decision-Makers at Fortune 500 companies and a proprietary survey of more than 2,500 employees from various organizations to explore evolving family structures in the U.S., the impacts of a volatile economic landscape on family formation, and the shifting expectation of employer-provided benefits. Dig into the full report below - we think you’ll find them interesting!
A sneak peek at our findings:
- 64% of employees agree they take current economic conditions – such as inflation, job security, cost of living – into account when making decisions about starting or expanding family.
- 13% of employees have experienced challenges accessing existing family-building benefits.
- 73% of millennials are more likely to stay with an employer based on family-building benefits.
- 75% of Gen Z are more likely to choose an employer based on family-building benefits.
Securian is here to help with wide-ranging wellness solutions and innovative supplemental health options to support employees and their loved ones.