Financial Literacy: A Growing Threat to Employee Well-being
Money is already a top stressor for U.S. households, and when individuals are constantly bombarded with anxiety-provoking messages about inflation, job security, and more, their stress can grow. It might seem that providing more resources is the simplest solution, but giving more information when employees are already struggling can make their situations worse.
Money is already a top stressor for U.S. households, and when individuals are constantly bombarded with anxiety-provoking messages about inflation, job security, and more, their stress can grow. It might seem that providing more resources is the simplest solution, but giving more information when employees are already struggling can make their situations worse.
To streamline the information overload and improve financial literacy, a strategy needs to be established, and this is where MSA can help with our holistic financial well-being solution: unbiased money coaching, a digital platform, and educational events. With our Money Coaches acting as employees’ mentors, their resources are tailored, realistic, and digestible, and action plans are created that help empower employees to take control of their financial issues.
In this article, you can discover:
- Data findings from surveyed employees that show how financial stress has gradually increased since 2021
- How MSA Money Coaches can help employees sift through important financial information and get to the root of what matters
- Three action steps for employers to take to help their employees make long-lasting financial transformations
Access our full article here.
More Like This
Growing financial stress could cause irreparable damage to the overall well-being of employees. Dive deeper into some trending data concerning employees' mental and financial health and see how MSA is helping employees reduce their financial stress.
Now is a great time to increase employee awareness of employer-sponsored resources that can help reduce stress and improve overall well-being.
Stress-related illnesses cost businesses up to $300 billion a year in lost productivity,1 and four out of five employees acknowledge some degree of financial stress.2 Imagine the billions employers could save if they changed employee financial stress to employee financial well-being. The negative effects of poor finances and financial stress: 97% of employees concede to […]
