Market Research: EMAIL OR CALL 800-356-8010, ext. 4172
Economics & Statistics: EMAIL OR CALL 800-356-8010, ext. 4399
CUNA Strategic Services: REQUEST INFO
Millennials’ Favorite Employee Benefit
Posted October 13,2017 by CUNA Economics

Student loan repayment a popular benefit for younger workers.

“Millennials would choose this job perk even over health insurance,” says a post at

Help in paying off student loans is an employee benefit that would sway 85% of millennials to take one job over another. 

In fact, “some would even prefer it to health insurance,” according to recent survey findings from the Millennial Benefit Preferences Study conducted by FC consulting.

Thirty-six percent of survey participants would remain at a job for over a year in order to retain such a benefit.

Compared to other employee benefits, millennials prefer repayment of student loans twice as much as 401(k) contributions, 11 times more than a gym membership, 7 times more than food, and 12 times more often “than enhancement to the workplace environment.”

Further, 27% of millennials surveyed choose a loan repayment option 18 times more often than 401(k)s and 23 times more frequently than dollars toward health insurance.

These millennials were more apt to be females or minorities, survey data says.


Workers and Employers Benefit from Financial Wellness Programs

Student Loan Defaults on the Rise

Millennials Fear Investing in the Stock Market



Leave a comment

Right Promo- Membership

This blog site is owned and controlled by Credit Union National Association (CUNA). The site does not offer legal, accounting of other expert or professional services or advice. CUNA has the sole right and ability to delete or refuse to post any item, for any reason and at any time. Opinions expressed by third parties are not the opinions of CUNA and appearance of a posting on the site does not imply endorsement, recommendation or agreement by CUNA with the content of the posting. CUNA’s occasional monitoring of the site does not provide users with any guarantee regarding any third party posting or make CUNA responsible for them in any way.

CUNA shall not be liable for damages of any kind regarding use of this site, errors on the site, viruses on the site, failure of the site to operate, third party links, and any purchase of a service or a product not sold directly by CUNA.

CUNA shall not be liable in any way for postings of third parties that are libelous, defamatory, obscene, raise antitrust concerns or infringe on a copyright or trademark. Materials such as those are strictly prohibited. Users indemnify CUNA for any claims resulting from their posting.

CUNA may permit disclosure of information relating to users of this site to law enforcement authorities or as a result of subpoena.