Pull

I recently read the 2023 TIAA Institute report on "Financial well-being and literacy in a high-inflation environment" and have been thinking about this a lot - "On average, U.S. adults typically spend more than eight hours per week thinking about and dealing with issues and problems related to personal finances, which is equivalent to an entire workday." 8 hours/week is a LOT of time to be worried about your finances, that's a whole working day (or 3/4th of a working day for us here at Pull). Heck even 4 hours/week is a lot and that's what adults who have a VERY HIGH level of financial literacy are spending. Employers who are not paying attention to the financial stress their employees are under are making it harder for them to contribute to their highest potential. Personal finance is no longer just "personal", its coming to work with them. If you want your employees to be doing their best work, focusing on their financial well-being is no longer a nice-to-have, it's a must-have. Here's the chart with the detailed distribution of how much time the 3,500+ respondents said they spend worrying about personal finance. P-Fin index survey is a barometer of financial literacy among US adults. If you're interested in reading the entire report, the link is in the comments below 👇

"𝘞𝘰𝘳𝘬𝘦𝘳𝘴’ 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘴𝘵𝘳𝘦𝘴𝘴 𝘪𝘴 𝘨𝘳𝘰𝘸𝘪𝘯𝘨 𝘢𝘯𝘥 𝘣𝘦𝘤𝘰𝘮𝘪𝘯𝘨 𝘢 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘱𝘳𝘰𝘣𝘭𝘦𝘮 𝘧𝘰𝘳 𝘵𝘩𝘦𝘪𝘳 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘳𝘴. 𝘖𝘯𝘭𝘺 42 𝘱𝘦𝘳𝘤𝘦𝘯𝘵 𝘰𝘧 𝘜.𝘚. 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦𝘴 𝘳𝘢𝘵𝘦 𝘵𝘩𝘦𝘪𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘩𝘦𝘢𝘭𝘵𝘩 𝘢𝘴 𝘨𝘰𝘰𝘥 𝘰𝘳 𝘦𝘹𝘤𝘦𝘭𝘭𝘦𝘯𝘵, 𝘢 10-𝘺𝘦𝘢𝘳 𝘭𝘰𝘸, 𝘢𝘤𝘤𝘰𝘳𝘥𝘪𝘯𝘨 𝘵𝘰 𝘢 𝘴𝘵𝘶𝘥𝘺 𝘳𝘦𝘭𝘦𝘢𝘴𝘦𝘥 𝘭𝘢𝘴𝘵 𝘺𝘦𝘢𝘳 𝘣𝘺 𝘉𝘢𝘯𝘬 𝘰𝘧 𝘈𝘮𝘦𝘳𝘪𝘤𝘢. 𝘞𝘩𝘺 𝘴𝘩𝘰𝘶𝘭𝘥 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘳𝘴 𝘤𝘢𝘳𝘦? 𝘕𝘦𝘢𝘳𝘭𝘺 45 𝘱𝘦𝘳𝘤𝘦𝘯𝘵 𝘰𝘧 𝘜.𝘚. 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦𝘴 𝘸𝘩𝘰 𝘢𝘳𝘦 𝘴𝘵𝘳𝘶𝘨𝘨𝘭𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦𝘪𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘦𝘴 𝘴𝘢𝘺 𝘵𝘩𝘦𝘪𝘳 𝘤𝘰𝘯𝘤𝘦𝘳𝘯𝘴 𝘥𝘪𝘴𝘵𝘳𝘢𝘤𝘵𝘦𝘥 𝘵𝘩𝘦𝘮 𝘸𝘩𝘪𝘭𝘦 𝘵𝘩𝘦𝘺’𝘳𝘦 𝘢𝘵 𝘸𝘰𝘳𝘬, 𝘢 2023 𝘗𝘸𝘊 𝘴𝘶𝘳𝘷𝘦𝘺 𝘧𝘰𝘶𝘯𝘥. 𝘖𝘧 𝘵𝘩𝘢𝘵 𝘨𝘳𝘰𝘶𝘱, 𝘰𝘯𝘭𝘺 54 𝘱𝘦𝘳𝘤𝘦𝘯𝘵 𝘧𝘦𝘦𝘭 𝘵𝘩𝘦𝘳𝘦 𝘪𝘴 𝘢 𝘱𝘳𝘰𝘮𝘪𝘴𝘪𝘯𝘨 𝘧𝘶𝘵𝘶𝘳𝘦 𝘧𝘰𝘳 𝘵𝘩𝘦𝘮 𝘢𝘵 𝘵𝘩𝘦𝘪𝘳 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘳, 𝘤𝘰𝘮𝘱𝘢𝘳𝘦𝘥 𝘵𝘰 69 𝘱𝘦𝘳𝘤𝘦𝘯𝘵 𝘰𝘧 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦𝘴 𝘸𝘩𝘰 𝘧𝘦𝘦𝘭 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭𝘭𝘺 𝘴𝘦𝘤𝘶𝘳𝘦. 𝘍𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭𝘭𝘺 𝘪𝘯𝘴𝘦𝘤𝘶𝘳𝘦 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦𝘴 𝘢𝘳𝘦 𝘢𝘭𝘴𝘰 𝘵𝘸𝘪𝘤𝘦 𝘢𝘴 𝘭𝘪𝘬𝘦𝘭𝘺 𝘵𝘰 𝘴𝘦𝘦𝘬 𝘯𝘦𝘸 𝘦𝘮𝘱𝘭𝘰𝘺𝘮𝘦𝘯𝘵." Thanks Jim Walsh for sharing the article with me! At Pull, we are working hard every day to build products that help eliminate financial stress for employees and empower them to build wealth. If you are reading this and thinking about how you can help reduce your employees' financial stress, please reach out. We'd love to chat! Link to the article in the first comment below 👇

👋 Want to plan ahead for upcoming bills? Need to take a stock of subscriptions? 🔜 Check out Upcoming Payments! www.pullnow.com

👋 Want to know how much you spent on flights and ubers in the last month? Or how much you've spent on your credit card in the last year? ✨ We just added filters, totals and upcoming payments to transactions!! Go check out Pull Money Tracker, it's free! 🆓

Our advisory council is two more members strong with Pete Lawson and Jim Walsh joining us! Pete is a passionate and results-driven leader with over 15 years of expertise in shaping talent strategies. Pete thrives in high-growth tech environments and has led people strategy for companies like Gopuff, Postmates by Uber, Anaplan, RocketSpace and Zenefits. Jim spent 36 years leading people teams at PwC where he was the Chief People Strategy, Transformation and Technology Officer & Partner before he started BlueChip Advisory LLC last year. Jim's approach is focused on building strong relationships, inspiring teams, and driving innovative solutions for sustainable and tangible business success. Pete and Jim, we couldn't be more excited to have you aboard the rocket ship! 🚀

📣 Introducing Money Tracker 📣 So excited to unveil what we've been tirelessly working on over the last few weeks. With Money Tracker, you can - ✳ See all your accounts in one place ✳ Track your net worth over time ✳ Get insights into your spend ✳ Pre-qualify for salary advance Go check out Money Tracker (and our new website): www.pullnow.com

Announcing another great addition to our advisory council - Debbie Shotwell! Debbie is the Chief People and Culture Officer at Stack Overflow and has 30+ years experience in leading and transforming global HR functions across various industries, including technology, healthcare, security, and real estate. Debbie is passionate about creating cultures that allow employees a sense of belonging and the opportunity to be a member of an awesome team and do the best work of their lives. We're so excited to learn from Debbie's experience and insights to build the best financial wellness company in the world. Welcome aboard, Debbie! 🚀

Thrilled to share that Rachel Olchowka is joining our advisory council. Rachel is a practicing attorney and Chief People Officer at Fetch where she oversees everything people-related - from talent acquisition and learning & development to employee engagement and wellness. Before Fetch, Rachel spent 8 years supporting TransUnion's credit-reporting and fraud businesses as a regulatory and privacy attorney. We're excited to work closely with Rachel and get her unique insights as credit-solutions attorney-turned-people leader as we build the best financial wellness company in the world. Great to have you on board, Rachel! 🚀

Excited to have Ritesh Daryani joining our advisory council. Ritesh has been the Chief People Officer at Edifecs for 8+ years and has over 20 years of experience as a people leader. Throughout his career, Ritesh has navigated various aspects of people leadership - from talent acquisition and management to being a strategic business partner for company leadership and fostering a culture that aligns with company values. Ritesh has a passion for organizational design and has a PhD (ABD) in Industrial/Organizational Psychology. Great to have you on board this rocketship, Ritesh! 🚀

Most guidelines for building your nest egg remain frustratingly vague - "save 10-15% per year", "7 figures should do it". Use this framework to establish a more precise savings goal tailored to your situation. https://lnkd.in/gAeGjuqQ