The Great Recession was a major economic downturn that affected the global financial markets from December 2007. From that month, until the end of the recession in June 2009, the GDP declined by 4.3 percent, while unemployment rose to 10 percent — this took a long-term toll on the economy. Some areas of the United […]
Some Areas May Never Recover from the Great Recession Read More »
Despite the strong economy, personal finance is still a major stressor for Americans. According to the 2018 National Financial Capability Study (NFCS), more than 53% of Americans state that thinking about personal finances causes them anxiety. The study also reveals that single women are more likely to feel anxious about financial planning than single men.
More Than Half of Americans Say Personal Finance Makes Them Anxious Read More »
In 2018, the Financial Industry Regulatory Authority (FINRA) conducted a National Financial Capability Study (NFCS), which was designed to measure and analyze people’s experiences of and perceptions to their personal finances. One of the things revealed by the study is that many Americans find their personal finances to be a significant source of stress. More
Education is Key to Financial Wellbeing, Study Confirms Read More »
Employees may not realize the importance of an emergency savings fund until they experience a sudden financial crisis such as unexpected medical bills, house or car repairs, or job loss. Having emergency savings is crucial for the financial wellbeing of your employees and their families. By helping your employees to build emergency savings, you are
Helping Employees Build Emergency Savings Read More »
Stress arises naturally from time to time from normal events both at work and at home, but it isn’t always a negative thing. A low-level amount of stress can be healthy. Sometimes referred to as eustress, this minor pressure can increase engagement, performance, and productivity. However, prolonged high levels of stress will begin to affect
7 Hidden Signs of Employee Stress in the Workplace Read More »
Currently, the unemployment rate is at a near 50-year low. It’s more important than ever for employers to recruit and retain employees, particularly when you consider the fact that more than one-third of U.S. employees are actively searching for a different job. There are trends in companies which have retention issues. These include: Lack of
How to Calculate Your Employee Turnover Rate Read More »
The millennial generation includes anyone born between 1981 and 1999, and unfortunately, this generation has to deal with a number of financial struggles that no other previous generation has worked through. The main reason for this is millennials grew up or entered the workforce during the 2008 financial crisis. Analyzing the 2008 Financial Crisis The
The Financial Struggles Unique to Millennials Read More »
At least 44 million American adults suffer from a mental health disorder; many more have not been diagnosed. A startling 9 million of those diagnosed with a mental health condition report having an unmet need for care. Mental health is a sensitive issue in general, and particularly in the workplace. This is largely due to
Strategies to Address Mental Health in the Workplace Read More »
A personal budget empowers individuals to take control of their finances and helps to avoid the burden of debt. Because a budget involves creating a spending plan, it encourages employees to prioritize their spending, and to save for the future. After employees create their first budget, they can make it a regular practice, and take
Budget Coaching for Government Employees Read More »
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