How Employers Can Help Free Employees from Student Debt

Gen Z is worried about money. Nearly four in 10 employees between the ages of 18 and 24 cite financial security as their biggest stressor, according to a new survey.

In response, many companies have begun crafting "financial wellness" programs to help the newest entrants to their workforce balance spending, saving, and paying off debt in the midst of rising prices.

Employers will soon have a new tool to add to these programs, thanks to a new federal law called the Secure 2.0 Act. The measure will allow employers to match student loan payments made by their employees with tax-advantaged contributions into their retirement accounts starting in 2024.