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Report earnd Building an Effective Financial Wellbeing Program

Building an Effective Financial Wellbeing Program

Where does financial stress come from?

Money impacts most aspects of our lives, every day, no matter who we are. Financial stress is cited as the number one cause of employee stress in the workplace. It causes insomnia, mood swings and tiredness and is closely tied with poor mental health. Research shows people who experience money worries are twice as likely to seek a new job, almost six times more likely to have troubled relationships with colleagues and almost eight times more likely to leave daily tasks incomplete.

Report Snap Shot

Three main causes of finanacial short falls:

  • Limited savings
  • Financial emergencies
  • Timing mismatch between income and expenses