Bridging the Gap: How Financial Wellness Supports a Multigenerational Healthcare Workforce
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Abstract
The nonprofit healthcare industry is at a critical inflection point. Plagued by high turnover and budget pressures, health systems must find ways to stabilize their most valuable asset: their people. The challenge is compounded by a highly diverse, multigenerational workforce, each with competing needs and priorities. A recent analysis by Fidelity Investments sheds light on this shift, confirming that 55% of the healthcare workforce is now comprised of Millennials and Gen Z. This generational tide requires employers to move beyond generic benefits and address the underlying stressors impacting performance—especially financial wellness. When employees feel financially unstable or uncertain, it directly affects their mental health, workplace productivity, and engagement. Understanding how financial needs differ across the career span is the key to building a sustainable workforce.
