Research And Markets, a market and industry reporting corporation, has released a report titled "Financial Wellness 2023" in response to President Joe Biden's new loan plan. The report aims to help business entrepreneurs and managers achieve financial literacy in light of the new plan.
According to PRNewswire, President Biden's loan plan includes a 12-month grace period for borrowers after payments restart. This announcement has highlighted the need for comprehensive financial wellness understanding. In response to this, ResearchandMarkets.com has added the report "Financial Wellness 2023" to its portfolio. The report is specifically tailored for business entrepreneurs and managers.
The report by Research and Markets is seen as crucial in the context of Biden's loan plan. The Biden administration has emphasized the importance of financial literacy in the modern economic landscape. The report addresses the changing dynamics of the contemporary workplace and helps employers adapt to new challenges. Despite offering various benefits like health insurance, paid time off, family leave, and professional development, there is still a significant gap in addressing financial wellness. The Research and Markets report aims to fill this void and shed light on the growing need for financial wellness support.
Research and Markets is a well-established market research store, providing data and insights for over 450 clients and 800 different industries and markets. Founded in 2002, the company is headquartered in Dublin, Ireland. Their diverse range of data and information covers a wide range of industries, from automotive to telecommunications.
President Biden's loan plan, known as the SAVE plan, is an income-driven repayment plan. It calculates payments based on a borrower's income and family size, rather than their loan balance, and forgives remaining balances after a certain number of years. The plan aims to reduce borrowers' monthly payments, save them money, prevent balances from growing due to unpaid interest, and bring borrowers closer to forgiveness faster.
As businesses and individuals navigate the changes brought about by President Biden's loan plan, the "Financial Wellness 2023" report by Research and Markets provides a valuable resource to help entrepreneurs and managers achieve financial literacy and successfully adapt to the evolving economic landscape.