Improving financial wellness: The key to elevating your overall well-being

- For many people, the term “well-being” may bring to mind a quiet walk outdoors or a trip to the gym. In fact, according to this year’s from The Guardian Life Insurance Company of America® (), most Americans (93%) say that physical and mental health are essential or very important to their overall well-being. Safety and security and healthy relationships also rank highly as key factors impacting their wellness.

When it comes to how people achieve their wellness goals, financial health plays an important role. Put simply, when individuals have poor financial health, it’s often much harder for them to achieve their mental and physical health goals. For example, rising healthcare costs mean many Americans are skipping routine or preventive doctors’ appointments, and market uncertainty can lead to stress around retirement planning.

Given the importance of financial health to supporting overall well-being, it’s especially concerning that a significant number of Americans are struggling with their finances. The same Guardian report found that only 30% of Americans say they have good financial health—a significant drop from 44% in 2022 and an all-time low in the 14-year history of the report.

In sum, financial wellness is about more than building wealth. By lowering stress and freeing up time to attend to physical and mental wellness needs, good financial health can help improve overall well-being in countless ways.

So how can you help support your financial wellness in order to pursue your mental and physical well-being goals? Here are a few ways to get started.

• Take a closer look at the benefits you already have: If you’re currently working, your employer might offer benefits that can help with your financial health. Take the time to learn about these options, especially non-health insurance offerings. For example, life and disability insurance can provide financial confidence in case the unexpected happens. Supplemental health plans like accident, critical illness, cancer, or hospital indemnity insurance can give you extra support by paying a cash benefit directly to you for getting preventive care or if you are hospitalized. Talking to your HR team is a great first step to understanding what’s available and making sure you’re taking full advantage of these resources.
• Start planning for your future today: Having a clear retirement savings plan can help reduce unnecessary stress. To build this plan, begin by reviewing the savings you already have, then assess your current expenses and how they might change in retirement. Don’t forget to account for inflation. Once you have a basic idea of your retirement income needs, you can develop or adjust your savings plan to fill any gaps. This might mean putting more money into your retirement account or adding new products like annuities to your savings strategy. The sooner you start, the better prepared you’ll be for a happy and secure retirement.
• Connect with a financial professional: By working with a financial professional, you can access the tools, solutions, and advice needed to plan for today and the future. Financial professionals can help you develop a plan to support your short- and long-term financial goals. With the support of a financial professional, you can feel more confident in your financial wellness and empowered to achieve your broader wellness goals.

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Disclaimer

Guardian’s Group Insurance products are underwritten and issued by The Guardian Life Insurance Company of America, New York, NY.  Products are not available in all states.

Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, medical, or financial advice. Guardian, its subsidiaries, agents and employees do not provide tax, legal, medical or finance advice. Consult your tax, legal, medical or finance professional regarding your individual situation.

Guardian® is a registered trademark of The Guardian Life Insurance Company of America, New York, NY. Copyright© 2025 The Guardian Life Insurance Company of America. All rights reserved.

8108285.1 (06/2027)