FINANCIAL WELLNESS FOR EMPLOYEES
– A FEW RESOURCES

According to the US Consumer Financial Protection Bureau, the definition of financial well being is “a state wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow them to enjoy life.”

Financial wellness an important topic in the area of benefits that often goes beyond information about saving for retirement. Information such as help with managing student loan debt, and day-to-day budgeting through to long term planning are starting to become part of some firms financial education benefits.

Here is an interesting link from them that provides answers to many people’s questions on managing their finances and might be a good link to provide for employees. https://www.consumerfinance.gov/ask-cfpb/

In addition, here is an interesting quick quiz from the CFPB https://www.consumerfinance.gov/consumer-tools/financial-well-being that provides a user a quick snap shot of their financial situation and some ideas on how to improve it after answering the quiz.