YOUR PERFECT FINANCIAL WELLNESS PROGRAM
The 2017 Stress in America™ Survey revealed that 62% of Americans reported that money was a significant source of stress in their lives. Financial stress and anxiety remains a prevalent issue with far reaching implications. The side effects of poor financial health include stress-related illness, decreased work productivity, absenteeism, marital discord, depression and anxiety. So no matter how you interpret the Stress in America survey, personal financial wellness and the future of the country are indeed intertwined.
Over the years that I’ve been helping retirees and other high income professionals stop doing dumb stuff with their money, I’ve learned that most of them aren’t hobbyists. They don’t find personal finance and investing all that interesting. In fact, if given the choice, they’d rather not do it at all and risk leaving a lot of money on the table and go through life with a sense of unease that they are doing something wrong with their finances.
Benefits of the Course
IS THIS THE YEAR OF YOUR FINANCIAL WELLNESS PROGRAM?
How well your plan is designed can impact employee participation. As with most benefits programs, an effective financial wellness program won’t be one-size-fits-all and will depend heavily on the resources made available to it. I recommend that employers consider these questions during the design phase of a financial wellness plan: