Friday, May 17th, 2019

Millennials’ Desired Workplace Benefits

From a recent AICPA survey:

  • Nearly two-thirds of young adult job seekers have student loan debt, with an average of $33,332.
  • Millennials with loan debt value more help with repayment over all other employee benefits.
  • AICPA Employee Benefits Report offers guidance on understanding and utilizing benefits.

When asked to choose the top three benefits that would most help them achieve their financial goals, young adult job seekers top two choices focused on the traditional benefits of health insurance and paid time off. Interestingly, student loan forgiveness was the third most cited option.

Young Adult Job Seekers

Benefit

Chosen in Top 3 by:

 Health Insurance

54%

 Paid Time Off

45%

 Student Loan Forgiveness

41%

 Working Remotely

38%

 401(k) Retirement Fund Match

36%

 Tuition Reimbursement

25%

 Pension

15%

 Paid Parental Leave

13%

The full results of the survey conducted by MAVY Poll on behalf of the AICPA, along with further analysis, are available in a free Employee Benefits Report on the AICPA’s 360 Degrees of Financial Literacy website.

  • "All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work. "
  • Calvin Coolidge

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