People Managing People Why Financial Wellness Programs Fail—and How to Fix Them
Sep 30, 2025
Join Jason Lee, fintech pioneer and founder of DailyPay and Salt Labs, as he dives into the complexities of financial wellness programs. He discusses why these initiatives often fail, linking poor engagement to outdated designs and lack of modern tech. Jason shares innovative saving strategies like round-ups and the unexpected benefits of rewards points. He envisions a comprehensive financial wellness 'hospital' to better serve employees and predicts a future with smarter, frictionless financial products that prioritize user experience.
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Execution, Not Desire, Is The Barrier
- Financial health fails mostly from execution, not desire; everyone wants to improve but no easy shortcut exists.
- Jason Lee says we need simpler, more effective tools to build real financial habits.
Spending Habits Drive Savings
- Savings depends far more on spending behavior than income.
- Jason Lee: saving is "the opposite of not spending," so habit design matters more than paychecks.
Make Savings Non‑Fungible
- Make assets non-fungible to increase saving behavior.
- Jason Lee notes reward points act like emergency savings because people resist spending them.