Talkspace, the global leader in telebehavioral health care that connects users to therapists via video and text, has joined forces with the leading consumer financial wellness platform, Best Money Moves, to help Talkspace Digital EAP clients gain control of their financial lives.
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Americans are in financial trouble. Sixty-three percent of Americans don’t have $500 in a savings account, more than 70 percent have less than $15,000 saved for retirement. Three-quarters are struggling with debt and the average debt per person (excluding mortgages or home equity loans) is $37,000. The vast majority of Millennials say they worry about their financial lives constantly. Financial stress has become overwhelming, and sadly the COVID-19 Pandemic has made matters even more challenging for many, with unemployment reaching levels not experienced for decades.
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For more than three years, the team at Best Money Moves has successfully helped people make smarter moves with their money by providing award-winning written and video content, easy-to-use tools, a point-based reward system, and a unique content-mapping system, powered by artificial intelligence algorithms, to solve users’ financial problems quickly and easily.
“Similar to mental health, stigma prevents many from seeking financial help,” said Mark Hirschhorn, Talkspace President and Chief Operating Officer. “Our partnership with Best Money Moves gives Digital EAP clients a private, personalized way to better understand and overcome their financial challenges.” All Talkspace therapists are licensed, verified and background checked.
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