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Can Millennial Stress be Resolved by Financial Wellness? - India's Largest Lending Platform | Fibe (formerly EarlySalary
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stroke-linecap="round" stroke-linejoin="round"></path><path d="M13.0001 2.1719C13.0001 2.2871 12.9512 2.39763 12.8644 2.47908C12.7776 2.56053 12.6598 2.60635 12.5371 2.60635H10.6852V3.02332C10.6851 3.40527 10.5507 3.77645 10.303 4.07953C10.0553 4.38263 9.70809 4.6008 9.31501 4.69999L11.7872 7.01968C11.7907 7.05444 11.7907 7.08934 11.7872 7.12396C11.7923 7.16439 11.7923 7.20512 11.7872 7.24555C11.7872 7.36074 11.7383 7.47128 11.6515 7.55273C11.5647 7.63418 11.4469 7.67999 11.3242 7.67999H11.1853C11.1284 7.66268 11.0751 7.63621 11.0278 7.60174L10.963 7.54095L7.24106 3.95286C7.17038 3.87199 7.13117 3.77091 7.12992 3.66619C7.12992 3.42636 7.33717 3.23175 7.59276 3.23175C7.70607 3.23233 7.81519 3.27262 7.89843 3.34476C7.90168 3.35901 7.90168 3.37385 7.89843 3.38825L8.25029 3.70968H8.25013C8.4118 3.83534 8.61424 3.90588 8.82428 3.90952C9.0698 3.90952 9.30541 3.81789 9.47901 3.655C9.65261 3.4921 9.75011 3.27115 9.75011 3.04064V2.60635H7.46318C7.20758 2.60635 7.00018 2.41174 7.00018 2.17191C7.00018 1.93207 7.20758 1.73747 7.46318 1.73747H9.7594V0.868734H7.46318C7.20758 0.868734 7.00018 0.674274 7.00018 0.434292C7.00018 0.194456 7.20758 0 7.46318 0H12.5372C12.7928 0 13.0002 0.19446 13.0002 0.434292C13.0002 0.674274 12.7928 0.868734 12.5372 0.868734H10.6854V1.73747H12.5372C12.6599 1.73747 12.7777 1.78328 12.8645 1.86473C12.9513 1.94618 13.0002 2.05672 13.0002 2.17191L13.0001 2.1719Z" fill="#F8A63F"></path></g><defs><clipPath id="clip0_17517_29912"><rect width="24" height="24.3137" fill="white" transform="translate(0 0.136719)"></rect></clipPath></defs></svg></span> <span class="lg:font-medium">Loan Against Mutual Funds</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Borrow using mutual fund holdings in minutes</span></a></li><li><p class="font-semibold text-base px-0 lg:px-3 py-1 lg:py-2"><a class="text-black" href="/credit-card/fibe-axis-bank-credit-card/">Credit Card</a></p></li><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/credit-card/fibe-axis-bank-credit-card/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg fill="none" height="24" viewBox="0 0 24 24" width="24" xmlns="http://www.w3.org/2000/svg"><g stroke-width="1.5"><path d="m2 7h20v4h-20z" stroke="#f8a63f" stroke-linejoin="round"></path><path d="m2 7c0-2.20914 1.79086-4 4-4h12c2.2091 0 4 1.79086 4 4v10c0 2.2091-1.7909 4-4 4h-12c-2.20914 0-4-1.7909-4-4z" stroke="#333" stroke-linejoin="round"></path><path d="m8 17h-2" stroke="#f8a63f" stroke-linecap="round"></path></g></svg></span> <span class="lg:font-medium">Fibe Axis Bank Credit Card</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Go numberless with Fibe Axis Bank Credit Card</span></a></li></ul></li><li class="lg:pl-2"><ul class="[&>li]:mb-1 [&>li:last-child]:mb-0"><li><p class="font-semibold text-base px-0 lg:px-3 py-1 lg:py-2"><a class="text-black" href="/financial-wellness/">Financial Wellness</a></p></li><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/financial-wellness/salary-advance/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-linejoin="round" stroke-width="1.5" d="M2 7a4 4 0 0 1 4-4h12a4 4 0 0 1 4 4v10a4 4 0 0 1-4 4H6a4 4 0 0 1-4-4V7Z"></path><path stroke="#F8A63F" stroke-linejoin="round" stroke-width="1.5" d="M22 9v6h-4a3 3 0 1 1 0-6h4Z"></path></svg></span> <span class="lg:font-medium">Salary Advance</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Easy financing for your employees instant cash needs</span></a></li><li><p class="font-semibold text-base px-0 lg:px-3 py-1 lg:py-2"><a class="text-black" href="/fibe-emis/">FibeEMIS-Buy Now Pay Later</a></p></li><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey " href="/fibe-emis/healthcare/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="25" fill="none"><path stroke="#F8A63F" stroke-linecap="round" stroke-width="1.5" d="M12 11.143v6.079M15 14.182H9"></path><path stroke="#333" stroke-linecap="round" stroke-width="1.5" d="M8 6.078V5.065c0-1.679 1.343-3.04 3-3.04h2c1.657 0 3 1.361 3 3.04v1.013M6 22.287h12c2.21 0 4-1.814 4-4.052V10.13c0-2.238-1.79-4.052-4-4.052H6c-2.21 0-4 1.814-4 4.052v8.105c0 2.238 1.79 4.052 4 4.052Z"></path></svg></span> <span class="lg:font-medium">Medical Loan</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Access the best of healthcare on EMIs</span></a></li><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/fibe-emis/education/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="22" height="21" fill="none"><path stroke="#333" stroke-linecap="round" stroke-width="1.5" d="M10.317 3.632c-2.124-1.507-5.104-2.19-7.323-2.445C1.896 1.062 1 1.991 1 3.137v11.412c0 1.145.896 2.075 1.994 2.2 2.219.254 5.2.937 7.323 2.445.408.29.958.29 1.366 0 2.124-1.508 5.104-2.19 7.323-2.445 1.098-.125 1.994-1.055 1.994-2.2V3.136c0-1.146-.896-2.075-1.994-1.95-2.219.254-5.2.938-7.323 2.445-.408.29-.958.29-1.366 0Z"></path><path stroke="#F8A63F" stroke-linecap="round" stroke-width="1.5" d="M3.994 6.457c1.266.199 2.678.529 4 1.047m-4 3.005c.64.1 1.316.235 2 .41m5-5.679v12.664"></path></svg></span> <span class="lg:font-medium">Education Loan</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Fuel your aspirations with the latest upskilling courses on EMIs</span></a></li></ul></li></ul></li><li class="flex flex-col lg:flex-row relative group/l1 p-3 lg:p-0 "><div class="flex mb:2 lg:mb-0 items-center"><a class="mr-1 group-[.active]/l1:text-primary font-semibold text-base lg:text-lg lg:py-4" href="#">Loan Calculators</a><svg xmlns="http://www.w3.org/2000/svg" width="12" height="6" fill="none" class="stroke-plain-grey mt-1 group-[.active]/l1:stroke-primary"><path d="m1 1 5 4 5-4"></path></svg></div><ul class="relative lg:absolute bg-white top-0 lg:top-full left:0 lg:-left-[250px] lg:transform lg:scale-0 group-hover/l1:lg:scale-100 transition-[max-height] lg:transition duration-300 lg:duration-150 ease-out lg:ease-in-out lg:origin-top lg:shadow-lg z-50 px-2 lg:py-2 lg:rounded-xl max-h-0 overflow-hidden group-hover/l1:max-h-[500px] group-hover/l1:lg:max-h-[auto] group-hover/l1:duration-400 group-hover/l1:lg:duration-150 group-hover/l1:ease-in group-hover/l1:lg:ease-in-out lg:grid lg:grid-cols-2 lg:w-[640px] lg:divide-x [&>li]:mb-1 [&>li:last-child]:mb-0 [&>li>ul>li>a]:text-sm "><li class="lg:pr-2"><ul class="[&>li]:mb-1 [&>li:last-child]:mb-0"><li class="mr-0 group/sublink"><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/personal-loan-emi-calculator/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-linecap="round" stroke-width="1.5" d="M8 6h8m4 12V6a4 4 0 0 0-4-4H8a4 4 0 0 0-4 4v12a4 4 0 0 0 4 4h8a4 4 0 0 0 4-4Z"></path><path fill="#F8A63F" d="M8.75 10a.75.75 0 1 1-1.5 0 .75.75 0 0 1 1.5 0ZM12.75 10a.75.75 0 1 1-1.5 0 .75.75 0 0 1 1.5 0ZM16.75 10a.75.75 0 1 1-1.5 0 .75.75 0 0 1 1.5 0ZM8.75 18a.75.75 0 1 1-1.5 0 .75.75 0 0 1 1.5 0ZM12.75 18a.75.75 0 1 1-1.5 0 .75.75 0 0 1 1.5 0ZM16.75 18a.75.75 0 1 1-1.5 0 .75.75 0 0 1 1.5 0Z"></path></svg></span> <span class="lg:font-medium">Personal Loan EMI Calculator</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Get EMI amount, repayment tenure and interest rate beforehand</span></a></li><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/instant-cash-loan-emi-calculator/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="22" height="22" fill="none"><path stroke="#333" stroke-width="1.5" d="M17 1H5a4 4 0 0 0-4 4v12a4 4 0 0 0 4 4h12a4 4 0 0 0 4-4V5a4 4 0 0 0-4-4Z"></path><path stroke="#F8A63F" stroke-width="1.5" d="M15 9a2 2 0 0 0-2 2v2a2 2 0 1 0 4 0v-2a2 2 0 0 0-2-2ZM7 5a2 2 0 0 0-2 2v6a2 2 0 1 0 4 0V7a2 2 0 0 0-2-2Z"></path></svg></span> <span class="lg:font-medium">Instant Loan EMI Calculator</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Know EMI loan amount in seconds to plan your finances better</span></a></li></ul></li><li class="lg:pl-2"><ul class="[&>li]:mb-1 [&>li:last-child]:mb-0"><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/personal-loan-eligibility-calculator/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-linecap="round" stroke-width="1.5" d="M22 10v8a4 4 0 0 1-4 4H6a4 4 0 0 1-4-4V6a4 4 0 0 1 4-4h8"></path><path stroke="#F8A63F" stroke-linecap="round" stroke-width="1.5" d="M5 12h1a2 2 0 0 0 2-2V9a2 2 0 1 1 4 0v6a2 2 0 1 0 4 0v-1a2 2 0 0 1 2-2h1m3-7.5a2.5 2.5 0 1 1-5 0 2.5 2.5 0 0 1 5 0Z"></path></svg></span> <span class="lg:font-medium">Eligibility Calculator</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Easy-to-use calculator to know your loan eligibility in seconds</span></a></li><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/check-credit-score/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="M20 8a2 2 0 0 1 2 2v10a2 2 0 1 1-4 0V10a2 2 0 0 1 2-2ZM4 16a2 2 0 0 1 2 2v2a2 2 0 1 1-4 0v-2a2 2 0 0 1 2-2ZM12 12a2 2 0 0 1 2 2v6a2 2 0 1 1-4 0v-6a2 2 0 0 1 2-2Z"></path><path stroke="#F8A63F" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="M19 2h2a1 1 0 0 1 1 1v2m-1-2c-7.941 6.391-12.058 8.113-19 9"></path></svg></span> <span class="lg:font-medium">Check Credit Score</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Get your credit score for free before applying for a loan</span></a></li></ul></li></ul></li><li class="flex flex-col lg:flex-row relative group/l1 p-3 lg:p-0 active"><div class="flex mb:2 lg:mb-0 items-center"><a class="mr-1 group-[.active]/l1:text-primary font-semibold text-base lg:text-lg lg:py-4" href="#">Learn</a><svg xmlns="http://www.w3.org/2000/svg" width="12" height="6" fill="none" class="stroke-plain-grey mt-1 group-[.active]/l1:stroke-primary"><path d="m1 1 5 4 5-4"></path></svg></div><ul class="relative lg:absolute bg-white top-0 lg:top-full left:0 lg:-left-10 lg:transform lg:scale-0 group-hover/l1:lg:scale-100 transition-[max-height] lg:transition duration-300 lg:duration-150 ease-out lg:ease-in-out lg:origin-top lg:shadow-lg z-50 px-2 lg:py-2 lg:rounded-xl max-h-0 overflow-hidden group-hover/l1:max-h-[500px] group-hover/l1:lg:max-h-[auto] group-hover/l1:duration-400 group-hover/l1:lg:duration-150 group-hover/l1:ease-in group-hover/l1:lg:ease-in-out [&>li]:mb-1 [&>li:last-child]:mb-0 [&>li>a]:text-sm "><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey " href="/blogs/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-width="1.5" d="M16 4h1a4 4 0 0 1 4 4v10a4 4 0 0 1-4 4H7a4 4 0 0 1-4-4V8a4 4 0 0 1 4-4h1m8 0a2 2 0 0 1-2 2h-4a2 2 0 0 1-2-2m8 0a2 2 0 0 0-2-2h-4a2 2 0 0 0-2 2"></path><path stroke="#F8A63F" stroke-linecap="round" stroke-width="1.5" d="M8 10h8m-8 4h8m-8 4h4"></path></svg></span> <span class="lg:font-medium">Blogs</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg 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4h4"></path></svg></span> <span class="lg:font-medium">Financial Dictionary</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Get all financial terms, formulas, concepts or theories that you are searching for</span></a></li></ul></li><li class="flex flex-col lg:flex-row relative group/l1 p-3 lg:p-0 "><div class="flex mb:2 lg:mb-0 items-center"><a class="mr-1 group-[.active]/l1:text-primary font-semibold text-base lg:text-lg lg:py-4" href="#">About Us</a><svg xmlns="http://www.w3.org/2000/svg" width="12" height="6" fill="none" class="stroke-plain-grey mt-1 group-[.active]/l1:stroke-primary"><path d="m1 1 5 4 5-4"></path></svg></div><ul class="relative lg:absolute bg-white top-0 lg:top-full left:0 lg:-left-[250px] lg:transform lg:scale-0 group-hover/l1:lg:scale-100 transition-[max-height] lg:transition duration-300 lg:duration-150 ease-out lg:ease-in-out lg:origin-top lg:shadow-lg z-50 px-2 lg:py-2 lg:rounded-xl max-h-0 overflow-hidden group-hover/l1:max-h-[500px] group-hover/l1:lg:max-h-[auto] group-hover/l1:duration-400 group-hover/l1:lg:duration-150 group-hover/l1:ease-in group-hover/l1:lg:ease-in-out lg:grid lg:grid-cols-2 lg:w-[640px] lg:divide-x [&>li]:mb-1 [&>li:last-child]:mb-0 [&>li>ul>li>a]:text-sm "><li class="lg:pr-2"><ul class="[&>li]:mb-1 [&>li:last-child]:mb-0"><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/about-us/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-width="1.5" d="M13 3h-2a9 9 0 0 0-9 9v5a4 4 0 0 0 4 4h7a9 9 0 1 0 0-18Z"></path><path stroke="#F8A63F" stroke-linecap="round" stroke-width="1.5" d="M8 10h8m-8 4h4"></path></svg></span> <span class="lg:font-medium">About Fibe</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Fibe is India’s largest lending platform that offers instant credit solutions</span></a></li><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/careers/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-linecap="round" stroke-width="1.5" d="M12 19v3m0 0H9m3 0h3m-9-3h12a4 4 0 0 0 4-4V6a4 4 0 0 0-4-4H6a4 4 0 0 0-4 4v9a4 4 0 0 0 4 4Z"></path><path stroke="#F8A63F" stroke-width="1.5" d="M14 8a2 2 0 1 0-4 0 2 2 0 0 0 4 0ZM8 13.5A1.5 1.5 0 0 1 9.5 12h5a1.5 1.5 0 0 1 0 3h-5A1.5 1.5 0 0 1 8 13.5Z"></path></svg></span> <span class="lg:font-medium">Careers</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Explore jobs at Fibe that best suits your passion and dreams</span></a></li></ul></li><li class="lg:pl-2"><ul class="[&>li]:mb-1 [&>li:last-child]:mb-0"><li class="mr-0 group/sublink "><a class="grid grid-cols-1 min-w-[280px] px-2 lg:px-2 py-2 hover:bg-latte rounded-xl border border-white hover:border-light-grey group/edit group-[.active]/sublink:bg-latte group-[.active]/sublink:border-light-grey" href="/news/"><span class="flex items-center [&>*]:mr-2 last:mr-0"><span><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none"><path stroke="#333" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="M2 6v12a4 4 0 0 0 4 4h12a4 4 0 0 0 4-4V6a4 4 0 0 0-4-4H6a4 4 0 0 0-4 4Z"></path><path stroke="#F8A63F" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="M7 12h10M9 7h6M9 17h6"></path></svg></span> <span class="lg:font-medium">News</span> <span class="group-hover/edit:pl-1 group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" 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group-[.active]/sublink:pl-1 transition-all"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="10" fill="none" stroke="#333"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="1.5" d="m9 9 4-4m0 0L9 1m4 4H1"></path></svg></span></span><span class="hidden lg:block ml-8 text-xs text-cement-grey">Reach us via different channels for your concerns and get instant help</span></a></li></ul></li></ul></li><li class="flex-col lg:flex-row relative group/l1 p-3 lg:p-0 hidden lg:flex"><div class="flex lg:2 lg:mb-0 items-center"><a class="mr-1 group-[.active]/l1:text-primary font-semibold text-base lg:text-lg lg:py-4" href="#">Download Fibe</a><svg xmlns="http://www.w3.org/2000/svg" width="12" height="6" fill="none" class="stroke-plain-grey mt-1 group-[.active]/l1:stroke-primary"><path d="m1 1 5 4 5-4"></path></svg></div><ul class="relative lg:absolute bg-white top-0 lg:top-full left:0 lg:-left-10 lg:transform lg:scale-0 group-hover/l1:lg:scale-100 transition-[max-height] 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millennials, who are rushing ahead with their worklife, finding little time to enjoy the intricacies of life.","image":"https://www.fibe.in/_next/image/?url=https%3A%2F%2Faltcont.fibe.in%2Fwp-content%2Fuploads%2F2019%2F09%2Fshutterstock_729150526.jpg&w=3840&q=75","author":{"@type":"Person","name":"Fibe Research Team","url":"/author/"},"publisher":{"@type":"Organization","name":"Fibe","logo":{"@type":"ImageObject","url":"https://www.fibe.in/fibe-india.svg"}},"dateModified":"2023-04-10"}</script><section class="w-full px-6 lg:px-8 flex"><div class="w-full mt-10 lg:mt-16 pt-16 lg:pt-20 container"><div class="py-4 mb-2 flex flex-wrap justify-between items-center text-center lg:text-left"><ul class="flex flex-wrap justify-center justify-center items-center mx-auto lg:mx-0 [&>li]:mb-2"><li class="inline-flex items-center"><a class="text-sm md:text-base lg:text-lg xl:text-xl px-2 text-sub-grey hover:text-primary font-normal" href="https://www.fibe.in/">Home</a></li><li class="inline-flex items-center font-semibold"><img alt="Fibe personal loan and instant cash loan app" loading="lazy" width="6" height="6" decoding="async" data-nimg="1" class="mx-auto lg:mx-0" style="color:transparent" src="/icons/breadcrumb-arrow.svg"/></li><li class="inline-flex items-center"><a class="text-sm md:text-base lg:text-lg xl:text-xl px-2 text-sub-grey hover:text-primary font-normal" href="https://www.fibe.in/blogs/">Blogs</a></li><li class="inline-flex items-center font-semibold"><img alt="Fibe personal loan and instant cash loan app" loading="lazy" width="6" height="6" decoding="async" data-nimg="1" class="mx-auto lg:mx-0" style="color:transparent" src="/icons/breadcrumb-arrow.svg"/></li><li class="inline-flex items-center"><a class="text-sm md:text-base lg:text-lg xl:text-xl px-2 text-sub-grey hover:text-primary font-normal" href="https://www.fibe.in/blogs/finance/">Finance</a></li><li class="inline-flex items-center font-semibold"><img alt="Fibe personal loan and instant cash loan app" loading="lazy" width="6" height="6" decoding="async" data-nimg="1" class="mx-auto lg:mx-0" style="color:transparent" src="/icons/breadcrumb-arrow.svg"/></li><li class="inline-flex items-center"><div class="text-sm md:text-base lg:text-lg xl:text-xl xl:text-lg px-2 text-primary font-medium">Can Millennial Stress Be Resolved By Financial Wellness</div></li></ul></div><h1 class="text-3xl lg:text-5xl text-center lg:text-start font-bold text-midnight-black mb-4 lg:mb-8">Can Millennial Stress be Resolved by Financial Wellness?</h1><p class="flex justify-center lg:justify-start text-base lg:text-xl">Reviewed by:<a class="text-[#079f9f] cursor-pointer" href="/author/"> <!-- -->Fibe Research Team</a></p><div class="my-4"><ul class="divide-x divide-transparent lg:divide-slate-400 flex flex-wrap justify-center lg:justify-start [&>li]:px-3 [&>li]:mb-2 [&>li:first-child]:pl-0 text-base lg:text-xl"><li>Updated on: <!-- -->10 Apr 2023</li><li>Published on: <!-- -->24 Sep 2019</li></ul></div></div></section><section class="w-full px-6 lg:px-8"><div class="w-full py-2 container relative lg:flex"><div class="lg:w-2/3 mt-20 lg:mt-0 flex flex-col"><div class="mb-4 lg:mb-8 lg:mr-12"><div class="my-1"><img alt="Can Millennial Stress be Resolved by Financial Wellness?" fetchPriority="high" width="1320" height="400" decoding="async" data-nimg="1" class="w-full mb-2" style="color:transparent" srcSet="/_next/image/?url=https%3A%2F%2Faltcont.fibe.in%2Fwp-content%2Fuploads%2F2019%2F09%2Fshutterstock_729150526.jpg&w=1920&q=75 1x, /_next/image/?url=https%3A%2F%2Faltcont.fibe.in%2Fwp-content%2Fuploads%2F2019%2F09%2Fshutterstock_729150526.jpg&w=3840&q=75 2x" src="/_next/image/?url=https%3A%2F%2Faltcont.fibe.in%2Fwp-content%2Fuploads%2F2019%2F09%2Fshutterstock_729150526.jpg&w=3840&q=75"/></div></div><div class="lg:order-2 mb-4 lg:mb-8 lg:mr-12"><div class="content-area blogDetailInner"> <p>Stress is an issue bigger than ever for millennials, who are rushing ahead with their worklife, finding little time to enjoy the intricacies of life. They are not only toiling themselves with projects, preparing reports and meeting targets, but also when off the work they busy themselves worrying about their debt, savings and expenditure. India has been, off late, a very volatile economy with companies shutting down production and filtering out chunks of employees. As such millennials are forcing themselves to work in return for poorly paid salaries and unsatisfactory job environments. In most of the cases, they are not able to manage their day-to-day expenses and have to revert to debt; while in other cases are confused about their financial course. </p> <p><em>A whopping 76% of Millennials say they are experiencing financial stress, up 23 percentage points from 2018, according to the </em><a href="https://www.pwc.com/us/en/industries/private-company-services/library/financial-well-being-retirement-survey.html"><em>PwC 2019 Employee Financial Wellness Survey</em></a><em>.</em></p> <p>Financial stress is the top contributor in affecting employee health and morale followed by their jobs and relationships. Matching your salary with your expenses is only the tip of the iceberg, when cash flow and debt issues add to the worries. Employees are worried that they are not able to save enough and will face or are facing a financial crunch. Let’s look at the major issues hounding today’s millennials in terms of finance:</p> <h4 class="wp-block-heading">Past concerns </h4> <p>With higher education becoming more expensive each year, an increasing number of new employees enter the corporate sector already laden with the burden of huge debt in the form of education loans or personal loans.<em> As per</em><a href="https://benefitplans.baml.com/ir/pages/workplace-benefits-report.aspx"><em> Workplace benefits report 2017</em></a><em>, 40% of millennials say that they left high school and college unprepared for the real world. As such they look upon their employers for the necessary guidance and help related to a majority of topics around financial wellness. 18% of millennials want more help with their student loans. </em></p> <p>In some cases, these debts may be gifted down from one generation to another. A son may have to pay off a home loan or some other debt incurred by his father. These circumstances dilute the finances and millennials find it difficult to lay away the stress. </p> <h4 class="wp-block-heading">Present concerns </h4> <p><em>According to the 2017 </em><a href="http://benefitplans.baml.com/ir/pages/workplace-benefits-report.aspx"><em>Workplace Benefits Report</em></a><em>, a significant number of Millennials say they feel unprepared to manage their finances and need help with topics across the financial wellness spectrum, including saving for retirement (43 percent), general savings help (40 percent), paying down or managing debt (34 percent), saving for major expenses (36 percent) and budgeting (31 percent). </em></p> <p>Peer pressure, maintaining the status quo and lavish lifestyles often lead millennials to the brink of a financial crisis if they do not plan their finances well in advance. Many are highly ignorant about how to proceed with investments; banks or mutual funds, long term or short term, commodity or shares, and a lot more. <em>About 43% feel that they require more help with investing, 40% wanting more information on how to save taxes and 21% feel that they want to save more. </em>It’s an additional issue when they require funds in a lump sum for unforeseen expenditure or a major purchase. They either trap themselves in instalments or else fall in a debt trap<a href="https://thefinancialbrand.com/86344/financial-wellness-literacy-education-millennials-money-stress/#targetText=A%20whopping%2076%25%20of%20Millennials,2019%20Employee%20Financial%20Wellness%20Survey.&targetText=63%25%20of%20Millennials%20consistently%20carry,minimum%20monthly%20credit%20card%20payments.">. </a><a href="https://thefinancialbrand.com/86344/financial-wellness-literacy-education-millennials-money-stress/#targetText=A%20whopping%2076%25%20of%20Millennials,2019%20Employee%20Financial%20Wellness%20Survey.&targetText=63%25%20of%20Millennials%20consistently%20carry,minimum%20monthly%20credit%20card%20payments."><em>63% of Millennials </em></a><em>consistently carry balances on their credit cards and two out of five have trouble making minimum monthly credit card payments.</em></p> <h4 class="wp-block-heading">Future Concerns</h4> <p>Besides provident fund schemes, gratuity and a few other benefits, employees aren’t assured adequately about their future. They remain concerned about their retirement and pension, their children’s education, medical expenses and a lot more. Pension schemes are offered by insurance firms, but which one is best suited remains a matter of concern. Career opportunities and growth also impact future and present decision making. Not surprising then that employees, especially millennials, find themselves to be dependent on their employers.</p> <h4 class="wp-block-heading">Why should employers take up financial wellness programmes?</h4> <p>Financial stress not only impacts an employee on a personal level, but his working capabilities and mental faculties get impacted too. Stress can be behind severe health concerns that may lead to employee absenteeism, employee turnover, and dissatisfaction. The issue of financial health becomes of utmost importance to keep the solubility of the firm intact on one hand and to achieve common organisational goals on the other. As per a survey, an employee spends 12 hours on an average each month stressing about their finances. </p> <p><a href="https://bestmoneymoves.com/blog/2017/11/16/millennials-turn-to-employers-for-financial-wellness/"><em>Bank of America Merrill Lynch report</em></a><em> says that the lack of confidence in financial matters affects Millennials’ workplace behavior. On average, employees spend 3 work hours each week (12 hours per month) dealing with financial stressors.</em></p> <p>A well thought of and structured wellness programme may act as a tonic for the employees’ financial health:</p> <p><strong>#1</strong> Making an in depth study of employee concerns before finalising on the mode the financial programme is critical. Not everyone shares the same crisis, and not everyone will desire third party approvals or advice before taking decisions. A financial assessment is essential before you initiate the program and want it to succeed. This can be an eyeopener for those employees who may have been unaware of the causes of their financial stress and will make them ready to adopt the new financial course. </p> <p><strong>#2 </strong>Educating employees about financial health and other resources should be taken care of as well. This can be one through seminars, online courses, or even lectures and classes conducted by an expert or professional.</p> <p><strong>#3</strong> The employees must be educated on healthcare costs as well. It doesn’t hurt to take this opportunity to promote healthier lifestyles as well. This can save them a lot in the long run. Group insurance schemes and health insurance schemes should be encouraged as a norm in the organisation. </p> <p><strong>#4</strong> Financial debt management, especially the management of student loans, is another area of focus. Employers, if possible, could even consider taking it upon themselves to sort out the education loan or debt of the employees as a gesture of goodwill. This can be offered as an employee benefit as well. Executed right, the company can go a long way in earning the reputation of being the best in class when it comes to their employees’ welfare.</p> <p><strong>#5</strong> Then comes the basic question of managing the current expenses such as installments, deductibles, premiums and other expenses. There are several paradigms involved in financial planning and it can be overwhelming for a millennial who has just been placed on his job. </p> <p>Encouraging employees to take part in these programmes and letting them get involved through participation, and one on one discussion will assist them in reducing their financial stress. The overall focus of the employee can shift to organisational task boosting his productivity and overall efficiency. At the individual level, it will boost their confidence to manage their current expenses and plan for their future expenses in advance. Financial wellness programmes can, therefore, help in improving employee health and quality of life. 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font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/corporate/">Corporate</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/credit-card/">Credit Card</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/credit-score/">Credit Score</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/finance/">Finance</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/fixed-deposit/">Fixed Deposit</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/home-improvement-loan/">Home Improvement Loan</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/instant-cash/">Instant Cash</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/instant-cash-loan/">Instant Cash Loan</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/insurance/">Insurance</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/investment/">Investment</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/loan-management-tips/">Loan Management Tips</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/medical-loan/">Medical Loan</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/pan-card/">PAN Card</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/personal-loan/">Personal Loan</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/salary/">Salary</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/secured-loan/">Secured Loan</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/solar-loan/">Solar Loan</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/tax/">Tax</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/travel-loan/">Travel Loan</a><a class="cursor-pointer px-4 lg:px-6 py-2 lg:py-4 text-base flex items-center justify-center truncate select-none font-normal rounded-full border border-light-grey bg-white hover:bg-primary text-plain-grey hover:text-white peer-checked/et0:bg-primary peer-checked/et0:text-white shadow-[0px_4px_4px_0px_rgba(0,0,0,0.05)] " href="/blogs/upskill-loan/">Upskill Loan</a></div></section></div><section class="py-4 mb-8"><div class="text-center"><div class="mb-2 font-semibold text-midnight-black text-lg lg:text-xl text-center lg:text-start">Recent blogs</div></div><div class="grid grid-cols-1 gap-4 container mx-auto mt-8"><a class=" lg:col-span-1 border rounded-xl px-4 py-8 bg-white hover:border-primary" href="/blogs/union-budget-key-highlights/"><div class="flex flex-col lg:flex-row h-full relative"><div class="lg:ml-5"><div class="font-semibold text-lg lg:text-xl mb-2 lg:mb-3 line-clamp-2 text-center lg:text-start">Union Budget 2025-26: A Vision for Inclusive Growth, Economic Transformation and Innovation</div><div class="flex justify-center 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Partners</a></li></ul></div></div></div></section><section class="bg-mid-grey text-white py-2 lg:py-4 px-2 rounded-lg"><div class="inline-flex items-center h-10 px-3 text-white"><span class="mr-2 font-semibold text-lg capitalize">Resources</span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 320 512" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z"></path></svg></div><div class="px-3 mb-2 block"><div class="grid gap-0 lg:gap-2 grid-cols-1 lg:grid-cols-2 xl:flex divide-y xl:divide-x lg:divide-y-0 divide-[#424242] first:pt-3 [&>*]lg:py-6 [&>*]:xl:pl-14 [&>*]:xl:pr-6 [&>div>ul>li>a]:text-lighter-grey [&>div>ul>li>a:hover]:text-white"><div class="first:pl-0 xl:flex-grow xl:w-1/4"><div class="font-semibold mb-5 capitalize">Calculators</div><ul role="list" class="[&>*]:mb-3"><li class="first:mt-0"><a class="hover:text-primary" title="fair code practices" href="/personal-loan-emi-calculator/">Personal Loan EMI Calculator</a></li><li><a class="hover:text-primary" title="terms conditions" href="/instant-cash-loan-emi-calculator/">Instant Loan EMI Calculator</a></li><li><a class="hover:text-primary" title="Amazon pay giftcard T&C" href="/personal-loan-eligibility-calculator/">Eligibility Calculator</a></li><li><a class="hover:text-primary" title="Promotional T&Cs for HRMS Tie-ups" href="/check-credit-score/">Check Credit Score</a></li><li><a class="hover:text-primary" title="Personal Loan Interest Rate" href="/personal-loan/personal-loan-interest-rate/">Personal Loan Interest Rate</a></li></ul></div><div class="first:pl-0 xl:flex-grow pt-3 xl:pt-0 xl:w-1/4"><div class="font-semibold mb-5 capitalize">Personal Loan Eligibility</div><ul role="list" class="[&>*]:mb-3"><li class="first:mt-0"><a class="hover:text-primary" title="Instant Loan Eligibility Criteria" href="/instant-cash-loan/eligibility-criteria/">Instant Loan Eligibility Criteria</a></li><li><a class="hover:text-primary" title="Personal Loan Eligibility Criteria" href="/personal-loan/eligibility-criteria/">Personal Loan Eligibility Criteria</a></li><li><a class="hover:text-primary" title="Document Required for Instant Loan" href="/instant-cash-loan/documents-required/">Document Required for Instant Loan</a></li><li><a class="hover:text-primary" title="Document Required for Personal Loan" href="/personal-loan/documents-required/">Document Required for Personal Loan</a></li></ul></div><div class="first:pl-0 xl:flex-grow pt-3 xl:pt-0 xl:w-1/4"><div class="font-semibold mb-5 capitalize">Personal Loan by Salary</div><ul role="list" class="[&>*]:mb-3"><li class="first:mt-0"><a class="hover:text-primary" title="20,000 Salary Loan" href="/personal-loan/20000-salary-loan/">20,000 Salary Loan</a></li><li class="first:mt-0"><a class="hover:text-primary" title="30,000 Salary Loan" href="/personal-loan/30000-salary-loan/">30,000 Salary Loan</a></li><li class="first:mt-0"><a class="hover:text-primary" title="40,000 Salary Loan" href="/personal-loan/40000-salary-loan/">40,000 Salary Loan</a></li><li class="first:mt-0"><a class="hover:text-primary" title="50,000 Salary Loan" href="/personal-loan/50000-salary-loan/">50,000 Salary Loan</a></li></ul></div><div class="first:pl-0 xl:flex-grow pt-3 xl:pt-0 xl:w-1/4"><div class="font-semibold mb-5 capitalize">Credit Card</div><ul role="list" class="[&>*]:mb-3"><li class="first:mt-0"><a class="hover:text-primary" title="Free credit card" href="/credit-card/free-credit-card/">Free credit card</a></li><li class="first:mt-0"><a class="hover:text-primary" title="Cashback Credit card" href="/credit-card/cashback-credit-card/">Cashback Credit card</a></li><li class="first:mt-0"><a class="hover:text-primary" title="Card Eligibilty Criteria" href="/credit-card/credit-card-eligibility-criteria/">Card Eligibilty Criteria</a></li><li class="first:mt-0"><a class="hover:text-primary" title="Document Required for Credit card" href="/credit-card/document-required-for-credit-card/">Document Required for Credit card</a></li></ul></div></div><div class="mt-6"></div><div class="grid gap-0 lg:gap-2 grid-cols-1 lg:grid-cols-2 xl:flex divide-y xl:divide-x lg:divide-y-0 divide-[#424242] first:pt-3 [&>*]lg:py-6 [&>*]:xl:pl-14 [&>*]:xl:pr-6 [&>div>ul>li>a]:text-lighter-grey [&>div>ul>li>a:hover]:text-white"><div class="first:pl-0 xl:flex-grow xl:w-1/4"><div class="font-semibold mb-5 capitalize">Types of Loan</div><ul role="list" class="[&>*]:mb-3"><li><a class="hover:text-primary" title="Loan for Salaried Professional" href="/personal-loan/salaried-professional/">Loan for Salaried Professional</a></li><li><a class="hover:text-primary" title="Travel Loan" href="/personal-loan/travel-loan/">Travel Loan</a></li><li><a class="hover:text-primary" title="Digital Loan" href="/personal-loan/digital-loan/">Digital Loan</a></li><li><a class="hover:text-primary" title="Short Term Loan" href="/personal-loan/short-term-loan/">Short Term Loan</a></li><li><a class="hover:text-primary" title="Long Term Loan" href="/personal-loan/long-term-loan/">Long Term Loan</a></li><li><a class="hover:text-primary" title="Wedding Loan" href="/personal-loan/wedding-loan/">Wedding Loan</a></li><li><a class="hover:text-primary" title="Medical Loan" href="/personal-loan/medical-emergency-loan/">Medical Loan</a></li><li><a class="hover:text-primary" title="Secured Loan" href="/secured-loan/">Secured Loan</a></li></ul></div><div class="first:pl-0 xl:flex-grow pt-3 xl:pt-0 xl:w-1/4"><div class="font-semibold mb-5 capitalize">Personal loan by Amount</div><ul role="list" class="[&>*]:mb-3"><li class="first:mt-0"><a class="hover:text-primary" title="50000 Personal Loan" href="/personal-loan/50000-personal-loan/">50000 Loan</a></li><li><a class="hover:text-primary" title="60000 Personal Loan" href="/personal-loan/60000-personal-loan/">60000 Loan</a></li><li><a class="hover:text-primary" title="70000 Personal Loan" href="/personal-loan/70000-personal-loan/">70000 Loan</a></li><li><a class="hover:text-primary" title="80000 Personal Loan" href="/personal-loan/80000-personal-loan/">80000 Loan</a></li><li><a class="hover:text-primary" title="90000 Personal Loan" href="/personal-loan/90000-personal-loan/">90000 Loan</a></li><li><a class="hover:text-primary" title="1 Lakh Personal Loan" href="/personal-loan/1-lakh-personal-loan/">1 Lakh Loan</a></li><li><a class="hover:text-primary" title="2 Lakh Personal Loan" href="/personal-loan/2-lakh-personal-loan/">2 Lakh Loan</a></li><li><a class="hover:text-primary" title="3 Lakh Personal Loan" href="/personal-loan/3-lakh-personal-loan/">3 Lakh Loan</a></li><li><a class="hover:text-primary" title="4 Lakh Personal Loan" href="/personal-loan/4-lakh-personal-loan/">4 Lakh Loan</a></li><li><a class="hover:text-primary" title="5 Lakh Personal Loan" href="/personal-loan/5-lakh-personal-loan/">5 Lakh Loan</a></li></ul></div><div class="first:pl-0 xl:flex-grow pt-3 xl:pt-0 xl:w-1/4"><div class="font-semibold mb-5 capitalize">Blogs</div><ul role="list" class="[&>*]:mb-3"><li class="first:mt-0"><a class="hover:text-primary" title="Foreclosure Charges for Personal Loan" href="/blogs/foreclosure-charges-for-personal-loan/">Foreclosure Charges for Personal Loan</a></li><li class="first:mt-0"><a class="hover:text-primary" title="Check Personal Loan Statement" href="/blogs/check-your-personal-loan-statement-loan-details-in-6-easy-steps/">Check Personal Loan Statement</a></li><li class="first:mt-0"><a class="hover:text-primary" title="What is Loan Account Number?" href="/blogs/loan-account-number-why-it-is-important-and-how-to-find-it/">What is Loan Account Number?</a></li><li class="first:mt-0"><a class="hover:text-primary" title="Check Loan Status Using Pan 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lg:text-xl\",\"children\":[[\"$\",\"li\",null,{\"children\":[\"Updated on: \",\"10 Apr 2023\"]}],[\"$\",\"li\",null,{\"children\":[\"Published on: \",\"24 Sep 2019\"]}],null]}]}]]}]}],[\"$\",\"section\",null,{\"className\":\"w-full px-6 lg:px-8\",\"children\":[\"$\",\"div\",null,{\"className\":\"w-full py-2 container relative lg:flex\",\"children\":[[\"$\",\"div\",null,{\"className\":\"lg:w-2/3 mt-20 lg:mt-0 flex flex-col\",\"children\":[[\"$\",\"div\",null,{\"className\":\"mb-4 lg:mb-8 lg:mr-12\",\"children\":[\"$\",\"div\",null,{\"className\":\"my-1\",\"children\":[\"$\",\"$L12\",null,{\"src\":\"https://altcont.fibe.in/wp-content/uploads/2019/09/shutterstock_729150526.jpg\",\"width\":1320,\"height\":400,\"className\":\"w-full mb-2\",\"alt\":\"Can Millennial Stress be Resolved by Financial Wellness?\",\"priority\":true}]}]}],[\"$\",\"div\",null,{\"className\":\"lg:order-2 mb-4 lg:mb-8 lg:mr-12\",\"children\":[[\"$\",\"div\",null,{\"className\":\"content-area blogDetailInner\",\"dangerouslySetInnerHTML\":{\"__html\":\"\\n\u003cp\u003eStress is an issue\\nbigger than ever for millennials, who are rushing ahead with their worklife,\\nfinding little time to enjoy the intricacies of life. They are not only toiling\\nthemselves with projects, preparing reports and meeting targets, but also when\\noff the work they busy themselves worrying about their debt, savings and\\nexpenditure.\u0026nbsp; India has been, off late, a\\nvery volatile economy with companies shutting down production and filtering out\\nchunks of employees. As such millennials are forcing themselves to work in\\nreturn for poorly paid salaries and unsatisfactory job environments. In most of\\nthe cases, they are not able to manage their day-to-day expenses and have to\\nrevert to debt; while in other cases are confused about their financial course.\\n\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003e\u003cem\u003eA whopping 76% of Millennials say they are experiencing financial\\nstress, up 23 percentage points from 2018, according to the \u003c/em\u003e\u003ca href=\\\"https://www.pwc.com/us/en/industries/private-company-services/library/financial-well-being-retirement-survey.html\\\"\u003e\u003cem\u003ePwC 2019 Employee Financial\\nWellness Survey\u003c/em\u003e\u003c/a\u003e\u003cem\u003e.\u003c/em\u003e\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003eFinancial stress is\\nthe top contributor in affecting employee health and morale followed by their\\njobs and relationships. Matching your salary with your expenses is only the tip\\nof the iceberg, when cash flow and debt issues add to the worries. Employees\\nare worried that they are not able to save enough and will face or are facing a\\nfinancial crunch. Let\u0026#8217;s look at the major issues hounding today’s millennials\\nin terms of finance:\u003c/p\u003e\\n\\n\\n\\n\u003ch4 class=\\\"wp-block-heading\\\"\u003ePast concerns\u0026nbsp;\u0026nbsp; \u003c/h4\u003e\\n\\n\\n\\n\u003cp\u003eWith higher education\\nbecoming more expensive each year, an increasing number of new employees enter\\nthe corporate sector already laden with the burden of huge debt in the form of\\neducation loans or personal loans.\u003cem\u003e As per\u003c/em\u003e\u003ca href=\\\"https://benefitplans.baml.com/ir/pages/workplace-benefits-report.aspx\\\"\u003e\u003cem\u003e Workplace benefits report\\n2017\u003c/em\u003e\u003c/a\u003e\u003cem\u003e,\\n40% of millennials say that they left high school and college unprepared for\\nthe real world. As such they look upon their employers for the necessary\\nguidance and help related to a majority of topics around financial wellness.\\n18% of millennials want more help with their student loans. \u003c/em\u003e\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003eIn some cases,\\nthese debts may be gifted down from one generation to another. A son may have\\nto pay off a home loan or some other debt incurred by his father. These\\ncircumstances dilute the finances and millennials find it difficult to lay away\\nthe stress. \u003c/p\u003e\\n\\n\\n\\n\u003ch4 class=\\\"wp-block-heading\\\"\u003ePresent concerns \u003c/h4\u003e\\n\\n\\n\\n\u003cp\u003e\u003cem\u003eAccording to the 2017 \u003c/em\u003e\u003ca href=\\\"http://benefitplans.baml.com/ir/pages/workplace-benefits-report.aspx\\\"\u003e\u003cem\u003eWorkplace Benefits Report\u003c/em\u003e\u003c/a\u003e\u003cem\u003e, a significant number of Millennials say\\nthey feel unprepared to manage their finances and need help with topics across\\nthe financial wellness spectrum, including saving for retirement (43 percent),\\ngeneral savings help (40 percent), paying down or managing debt (34 percent),\\nsaving for major expenses (36 percent) and budgeting (31 percent).\u0026nbsp; \u003c/em\u003e\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003ePeer pressure,\\nmaintaining the status quo and lavish lifestyles often lead millennials to the\\nbrink of a financial crisis if they do not plan their finances well in advance.\\nMany are highly ignorant about how to proceed with investments; banks or mutual\\nfunds, long term or short term, commodity or shares, and a lot more. \u003cem\u003eAbout 43% feel that they require more help\\nwith investing, 40% wanting more information on how to save taxes and 21% feel\\nthat they want to save more. \u003c/em\u003eIt’s an additional issue when they require\\nfunds in a lump sum for unforeseen expenditure or a major purchase. They either\\ntrap themselves in instalments or else fall in a debt trap\u003ca href=\\\"https://thefinancialbrand.com/86344/financial-wellness-literacy-education-millennials-money-stress/#targetText=A%20whopping%2076%25%20of%20Millennials,2019%20Employee%20Financial%20Wellness%20Survey.\u0026amp;targetText=63%25%20of%20Millennials%20consistently%20carry,minimum%20monthly%20credit%20card%20payments.\\\"\u003e. \u003c/a\u003e\u003ca href=\\\"https://thefinancialbrand.com/86344/financial-wellness-literacy-education-millennials-money-stress/#targetText=A%20whopping%2076%25%20of%20Millennials,2019%20Employee%20Financial%20Wellness%20Survey.\u0026amp;targetText=63%25%20of%20Millennials%20consistently%20carry,minimum%20monthly%20credit%20card%20payments.\\\"\u003e\u003cem\u003e63% of Millennials \u003c/em\u003e\u003c/a\u003e\u003cem\u003econsistently carry balances on their\\ncredit cards and two out of five have trouble making minimum monthly credit\\ncard payments.\u003c/em\u003e\u003c/p\u003e\\n\\n\\n\\n\u003ch4 class=\\\"wp-block-heading\\\"\u003eFuture Concerns\u003c/h4\u003e\\n\\n\\n\\n\u003cp\u003eBesides provident\\nfund schemes, gratuity and a few other benefits, employees aren’t assured\\nadequately about their future. They remain concerned about their retirement and\\npension, their children’s education, medical expenses and a lot more. Pension\\nschemes are offered by insurance firms, but which one is best suited remains a\\nmatter of concern. Career opportunities and growth also impact future and\\npresent decision making. Not surprising then that employees, especially\\nmillennials, find themselves to be dependent on their employers.\u003c/p\u003e\\n\\n\\n\\n\u003ch4 class=\\\"wp-block-heading\\\"\u003eWhy should employers take up financial\\nwellness programmes?\u003c/h4\u003e\\n\\n\\n\\n\u003cp\u003eFinancial stress\\nnot only impacts an employee on a personal level, but his working capabilities\\nand mental faculties get impacted too. Stress can be behind severe health\\nconcerns that may lead to employee absenteeism, employee turnover, and\\ndissatisfaction. The issue of financial health becomes of utmost importance to\\nkeep the solubility of the firm intact on one hand and to achieve common\\norganisational goals on the other. As per a survey, an employee spends 12 hours\\non an average each month stressing about their finances.\u0026nbsp; \u003c/p\u003e\\n\\n\\n\\n\u003cp\u003e\u003ca href=\\\"https://bestmoneymoves.com/blog/2017/11/16/millennials-turn-to-employers-for-financial-wellness/\\\"\u003e\u003cem\u003eBank of America Merrill\\nLynch report\u003c/em\u003e\u003c/a\u003e\u003cem\u003e\\nsays that the lack of confidence in financial matters affects Millennials’\\nworkplace behavior. On average, employees spend 3 work hours each week (12\\nhours per month) dealing with financial stressors.\u003c/em\u003e\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003eA well thought of\\nand structured wellness programme may act as a tonic for the employees\u0026#8217;\\nfinancial health:\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003e\u003cstrong\u003e#1\u003c/strong\u003e Making an in depth study of employee\\nconcerns before finalising on the mode the financial programme is critical. Not\\neveryone shares the same crisis, and not everyone will desire third party\\napprovals or advice before taking decisions. A financial assessment is\\nessential before you initiate the program and want it to succeed. This can be\\nan eyeopener for those employees who may have been unaware of the causes of\\ntheir financial stress and will make them ready to adopt the new financial\\ncourse. \u003c/p\u003e\\n\\n\\n\\n\u003cp\u003e\u003cstrong\u003e#2 \u003c/strong\u003eEducating employees about financial health\\nand other resources should be taken care of as well. This can be one through\\nseminars, online courses, or even lectures and classes conducted by an expert\\nor professional.\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003e\u003cstrong\u003e#3\u003c/strong\u003e The employees must be educated on\\nhealthcare costs as well. It doesn’t hurt to take this opportunity to promote\\nhealthier lifestyles as well. This can save them a lot in the long run. Group\\ninsurance schemes and health insurance schemes should be encouraged as a norm\\nin the organisation. \u003c/p\u003e\\n\\n\\n\\n\u003cp\u003e\u003cstrong\u003e#4\u003c/strong\u003e Financial debt management, especially the\\nmanagement of student loans, is another area of focus. Employers, if possible,\\ncould even consider taking it upon themselves to sort out the education loan or\\ndebt of the employees as a gesture of goodwill. This can be offered as an\\nemployee benefit as well. Executed right, the company can go a long way in\\nearning the reputation of being the best in class when it comes to their\\nemployees’ welfare.\u003c/p\u003e\\n\\n\\n\\n\u003cp\u003e\u003cstrong\u003e#5\u003c/strong\u003e Then comes the basic question of managing\\nthe current expenses such as installments, deductibles, premiums and other\\nexpenses. There are several paradigms involved in financial planning and it can\\nbe overwhelming for a millennial who has just been placed on his job. \u003c/p\u003e\\n\\n\\n\\n\u003cp\u003eEncouraging\\nemployees to take part in these programmes and letting them get involved\\nthrough participation, and one on one discussion will assist them in reducing\\ntheir financial stress. The overall focus of the employee can shift to\\norganisational task boosting his productivity and overall efficiency. At the individual\\nlevel, it will boost their confidence to manage their current expenses and plan\\nfor their future expenses in advance. Financial wellness programmes can,\\ntherefore, help in improving employee health and quality of life. A healthy and\\nfinancially sound human resource can be an unending source of profitability and\\nefficiency for any enterprise. \u003c/p\u003e\\n\"}}],[\"$\",\"div\",null,{\"className\":\"my-4\",\"children\":[\"$\",\"ul\",null,{\"className\":\"divide-x divide-transparent lg:divide-slate-400 flex flex-wrap justify-start lg:justify-start [\u0026\u003eli]:px-3 [\u0026\u003eli]:mb-2 [\u0026\u003eli:first-child]:pl-0 text-base lg:text-xl\",\"children\":[[\"$\",\"li\",null,{\"children\":[\"$\",\"$Lb\",null,{\"href\":\"/blogs/finance/\",\"className\":\"text-primary hover:text-primary-dark\",\"children\":\"Finance\"}]}],[\"$\",\"li\",null,{\"children\":\"24 Sep 2019\"}]]}]}]]}],[\"$\",\"$L13\",null,{\"title\":\"Can Millennial Stress be Resolved by Financial Wellness?\",\"slug\":\"can-millennial-stress-be-resolved-by-financial-wellness\"}]]}],[\"$\",\"div\",null,{\"className\":\"lg:w-1/3\",\"children\":[[\"$\",\"$L14\",null,{}],[\"$\",\"div\",null,{\"className\":\"p-5 bg-sky-blue hidden 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