Effectiveness of financial literacy interventions to homeless; Will it increase self-sufficiency? Journal of Clinical Cases and Reports, S1, ... SHRM survey findings: Financial wellness in the workplace [Powerpoint].
Author: Gianni Nicolini
Category: Business & Economics
Financial literacy and financial education are not new topics, even though interest in these topics among policymakers, financial authorities, and academics continues to grow. The Routledge Handbook of Financial Literacy provides a comprehensive reference work that addresses both research perspectives and practical applications to financial education. This is the first volume to summarize the milestones of research in financial literacy from multiple perspectives to offer an overview. The book is organized into six parts. The first three parts provide a conceptual framework, which discusses what financial literacy is, how it should be measured, and explains why it represents a relevant topic and effective tool in enhancing decision-making among consumers as well as consumer protection strategies. Part IV addresses the connection between financial education and financial literacy, with chapters about financial education in school settings as well as for adults. This part includes an analysis of the role of Fintech and the use of gamification in financial education. Part V is a collection of contributions that analyze financial literacy and financial education around the world, with a focus on geographical areas including the U.S., South America, Western Europe, Eastern Europe, Asia, and Africa. This part also considers how financial literacy should be addressed in the case of Islamic finance. The concluding part of the book examines how financial literacy is related to other possible approaches to consumer finance and consumer protection, addressing the relationships between financial literacy and behavioral economics, financial well-being, and financial inclusion. This volume is an indispensable reference for scholars who are new to the topic, including undergraduate and graduate students, and for experienced researchers who wish to enrich their knowledge, policymakers seeking a broader understanding and an international perspective, and practitioners who seek knowledge of best practices as well as innovative approaches.
Many more cases could be cited to show that employee wellness has a direct, positive impact on the financial wellness of the workplace. See the Wellness Council of America website for hundreds of detailed case studies detailing ...
Retrieved from http:// www.financialeducatorscouncil.org/ financial-literacy-research OECD. (2014). PISA 2012 results: Students and money: Financial literacy skills for the 21st century (Vol. ... Financial wellness in the workplace.
Author: Jing Jian Xiao
This second edition of the authoritative resource summarizes the state of consumer finance research across disciplines for expert findings on—and strategies for enhancing—consumers’ economic health. New and revised chapters offer current research insights into familiar concepts (retirement saving, bankruptcy, marriage and finance) as well as the latest findings in emerging areas, including healthcare costs, online shopping, financial therapy, and the neuroscience behind buyer behavior. The expanded coverage also reviews economic challenges of diverse populations such as ethnic groups, youth, older adults, and entrepreneurs, reflecting the ubiquity of monetary issues and concerns. Underlying all chapters is the increasing importance of financial literacy training and other large-scale interventions in an era of economic transition. Among the topics covered: Consumer financial capability and well-being. Advancing financial literacy education using a framework for evaluation. Financial coaching: defining an emerging field. Consumer finance of low-income families. Financial parenting: promoting financial self-reliance of young consumers. Financial sustainability and personal finance education. Accessibly written for researchers and practitioners, this Second Edition of the Handbook of Consumer Finance Research will interest professionals involved in improving consumers’ fiscal competence. It also makes a worthwhile text for graduate and advanced undergraduate courses in economics, family and consumer studies, and related fields.
In The Financial Wellness Mandate, seasoned financial and workplace benefits expert Daniel explains how workplace benefits have evolved, details the big four obstacles standing between employees and financial wellness, and shares his unique ...
Author: Daniel R. Bryant
American workers are struggling financially. They face crippling student loan debt, a revolving door of credit card debt, rising housing expenses, and skyrocketing medical expenses.And more and more, employees looking to employers to help them solve this massive problem.This gives employers today an unprecedented opportunity. Employers who take the time to understand the financial obstacles faced by employees and understand the most important trends shaping workplace benefits, are the ones who will win the war for talent and improve financial outcomes for both workers and business. In The Financial Wellness Mandate, seasoned financial and workplace benefits expert Daniel explains how workplace benefits have evolved, details the big four obstacles standing between employees and financial wellness, and shares his unique take on the six most important megatrends that promise to upend how employers, their advisors and benefits providers view and deliver financial wellness benefits: Shifting demographics and the changing face of the American workerThe changing relationship between employer and employee from transactional to empathetic and focused on mutual outcomesThe undeniable force of behavioral economics and why they matter in how employees handle money and how employers think about benefitsThe growth of consumerism and what it means for how employee plan and deliver workplace benefitsThe convergence of health care and financial care and their inseparable impact on employee financial wellnessThe rise of technology and data, and their impact on financial wellness benefitsDaniel brings these insights together in a way no other author has yet. Employers who heed his advice and follow his clear prescription for creating a more modern benefits strategy will not only help the American worker achieve true financial wellness, they'll also position themselves to be the employer of choice for current and future generations of employees
We also published a research report on financial wellness in the workplace, showing how financial distress reduces productivity, increases absenteeism, and undercuts employee health. At a roundtable, employers recognized this phenomenon ...
Author: Richard Cordray
Publisher: Oxford University Press
Category: Political Science
Every day across America, consumers face issues with credit cards, mortgages, car loans, and student loans. When they are cheated or mistreated, all too often they hit a brick wall against the financial companies. People are fed up with being run over by big corporations, and few have the resources or expertise to fight back on their own. It is no wonder consumers feel powerless: they are outgunned every step of the way. Since 1970, the financial industry has doubled in size. It is the biggest source of campaign contributions to federal candidates and parties, spending about $1 billion annually on campaigns and another $500 million on lobbying. The four biggest banks each now has more than $1 trillion in assets. Financial products have become a mass of fine print that consumers can hardly even read, let alone understand. Growing problems in the increasingly one-sided finance markets blew up the economy in 2008. In the aftermath, Congress created the Consumer Financial Protection Bureau. Sharing the stories of individual consumers, Watchdog shows how the Bureau quickly became a powerful force for good, suing big banks for cheating or deceiving consumers, putting limits on predatory lenders, simplifying mortgage paperwork, and stepping in to help solve problems raised by individual consumers. It tells a hopeful story of how our system can be reformed by putting government back on the side of the people, to strengthen our families, safeguard the marketplace, and establish a new baseline of fairness in our democratic society.
... to stop and ask the companies providing services, 'Wait, do you even serve me? Do you have women on your board? Are you trying to progress diversity in your workplace?' Financial wellness is about how empowered we feel over our.
Author: Melanie Eusebe
Publisher: Hachette UK
Category: Business & Economics
'Fascinating' Stylist magazine 'A powerful reminder that we cannot discuss 'wellness' without also talking about the elephant in the room: money. This book isn't just about getting reconnected with a helpful app or spreadsheet but something much more important than that: it will inspire you to reconnect with yourself.' Emma Gannon Financial Wellness and How to Find It takes finance out of the business pages and into our personal lives. It tells us that the way we think about money has a lot to do with the way we think about ourselves, and the stories we believe about what we deserve. When you feel bad about money, it's hard to feel good about life. We focus on health and wellness as essential for happiness, but so often we choose to bury our heads in the sand when it comes to taking positive action over our finances. Financial wellness doesn't mean being rich, having a portfolio of stocks and shares, or being #debtfree. It's about understanding your emotions around money, knowing who you can turn to for support and being aware of your subconscious beliefs about self-worth. Melanie Eusebe, founder of Money Moves, shares the tools and resources you need to reset your relationship with money, and take charge of your financial happiness, whatever your situation, and regardless of the economy. Financial Wellness and How to Find It is empowering and essential reading for anyone who ever earned a paycheque (and spent it).
Such programs may be aligned with the organization's mission, or they could be offered as a part of an employee's benefits or wellness initiative. Workplace programs. Employers may offer financial counseling to employees as an ...
Author: Dorothy B. Durband
Category: Social Science
"This text is a valuable new resource that we recommend for all of our professionals and are proud to incorporate as part of our AFC® certification program. With expertise representing the breadth and depth of the financial counseling profession, the content in this text provides you with a rigorous foundation of knowledge, considers critical theoretical models, and explores foundational skills of communication, self-awareness, and bias. This type of comprehensive approach aligns with our mission and vision—providing you with the foundational knowledge to meet clients where they are across the financial life-cycle and impact long-term financial capability." -Rebecca Wiggins, Executive Director, AFCPE® (Association for Financial Counseling and Planning Education®) This timely volume presents a comprehensive overview of financial counseling skills in accessible, practical detail for readers throughout the career span. Expert financial counselors, educators, and researchers refer to classic and current theories for up-to-date instruction on building long-term client competence, working with clients of diverse backgrounds, addressing problem financial behavior, and approaching sensitive topics. From these core components, readers have a choice of integrated frameworks for guiding clients in critical areas of financial decision-making. This essential work: · Offers an introduction to financial counseling as a practice and profession · Discusses the challenges of working in financial counseling · Explores the elements of the client/counselor relationship · Compares delivery systems and practice models · Features effective tools and resources used in financial counseling · Encourages counselor ethics, preparedness, and self-awareness A standout in professional development references, Financial Counseling equips students and new professionals to better understand this demanding field, and offers seasoned veterans a robust refresher course in current best practices.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublish On: 2009
Employee Financial Education Besides these externally focused initiatives , the Federal Reserve seeks to improve the financial literacy of its own workforce . The Board offers a comprehensive financial education program to help ...
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
“Employers add financial components to wellness programs.” Workforce Management Online. Accessed December 1. http://workforce.com/section/02/feature/26/43/99. National Wellness Institute. 2005. “On promoting medical self-care and wise ...
Author: David H. Chenoweth
Publisher: Human Kinetics
In today’s difficult economic environment, worksite health promotion programs are becoming increasingly important as employers look for ways to contain health care costs and improve productivity. The newly updated Worksite HealthPromotion, ThirdEdition, presents students and professionals with all of the information they need to create programs that address these issues, improving both the physical health of the employees and the financial health of the organization. Based on Dr. Chenoweth’s expertise as a professor and a professional consultant, the text combines theoretical principles and research with practical applications and real-world examples to give readers a comprehensive and immediately useable introduction to the field. The text begins with an overview of worksite health promotion that illustrates the importance of these programs in today’s workplace. This is followed by a discussion of the economic forces that make implementing worksite health programs so advantageous for employers. The text’s clear presentation of program benefits highlighted in economic-based evaluations will prepare readers to make a case for their own interventions. Worksite Health Promotion, Third Edition, provides a step-by-step approach to planning, implementing, and evaluating programs. Readers will explore key topics such as assessing employees’ needs, setting appropriate goals, gaining management buy-in, budgeting, and program evaluation. They will also find full coverage of programming issues, including strategies for developing programs for healthy lifestyles, medical self-care, and disability management. The specific challenges of programming for small businesses and multisite workplaces are also addressed. The third edition has been fully revised with an improved organization and updated charts, tables, and references as well as the following additions that reflect the latest research and trends in the field: •Updated information on ADA, HIPAA, and GINA standards as they relate to worksite health promotion that will help readers better understand the implications of the legislation for their own businesses •New sections on health management, health coaching, budget development options, and present value adjustment •More information on integrated health data management systems, e-health technology, nutrition and weight control programs, fostering a healthy culture, and reducing stress in the workplace •Expanded coverage of program evaluation, including new sections on break-even analysis and determining present versus future value as well as improved illustrations of econometric-based evaluations and evaluation design •A larger focus on career development with updated information on certification options, intermediate-level practitioner competencies, and internship and job searches that will help students explore their professional options and prepare for their future in the field Improved textbook features make this leading text more classroom friendly than ever. Learning objectives, end-of-chapter overviews, and a new glossary of key terms will help students focus on the most important concepts in each chapter. Updated Looking Ahead and What Would You Do? sidebars will aid them in applying the information and can serve as the starting point for class discussions or assignments. A new instructor guide gives faculty great help in preparing for courses. It contains sample syllabi (including a syllabus for increasingly popular online offerings), a weekly instructional guide, and course outlines. Also new to this edition is an image bank with most of the art and tables from the text. Current practitioners looking for ideas and strategies for building a healthier workforce as well as students just beginning an exploration of the field can depend on Worksite Health Promotion, Third Edition, to inspire and inform. Both groups will find that this text offers the business knowledge, resources, and insights to guide them in this diverse and exciting career.
Beal, D.J. and Delpachtra, S.B. (2003) Financial literacy among Australian university students. ... E.T., Kim, J., Kratzer, D.Y., Brunson, B.H. and Joo, S. (1999) Workplace financial education improves personal financial wellness.
Author: Tina Harrison
Category: Business & Economics
This book presents selected papers on the factors that serve to influence an individual’s capacity in financial decision-making. Initial chapters provide an overview of the cognitive factors affecting financial decisions and suggest a link between limited cognitive capacity and the need for financial education. The book then expands on these cognitive limitations to explore the tendency for overconfidence in decision-making and the interplay between rational and irrational factors. Later contributions show how credit card companies benefit from limitations in consumer financial literacy, how gender and cognition intersect to play an important role in financial decision-making, and how to improve financial capacity through financial literacy and education campaigns, including those addressing developed marketplaces. This comprehensive collection of papers will be of value to all readers who seek to better understand the multi-factorial and complex nature of personal financial management in today’s economic climate.