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This is the year to get your financial wellness benefit right

If you’re going to spend money on a benefit for your employees, it needs to actually work. So many wellness programs just blow smoke. They either don’t give employees the right tools to succeed, or they give them a false sense of control with gimmicks and information that don’t actually make an impact for the long

Davos 2020: Financial inclusion is key to meeting the UN SDGs

While technology has yet again been a central topic of discussion at this year’s World Economic Forum in Davos, Switzerland, there has also been a determined focus on fintech and how financial inclusion is key to meeting the UN’s Sustainable Development Goals by 2030. In conversation with Charlotte Crosswell, CEO of Innovate Finance, she highlights

Economic Inequality Out of Control, Reports Oxfam, Ahead of Davos

As world leaders in politics, business and economics converge on the Swiss village of Davos this week for the annual meeting of the World Economic Forum, a new report published by Oxfam International reveals the world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population.

The Elusive ROI of Financial Wellness

When contemplating a financial wellness program one of the first questions people ask is “What will the ROI be?” It’s an important question, but it’s not the first question that should be asked. Instead, it should be “What outcomes are we trying to achieve?” It’s impossible to establish a meaningful ROI without a clear understanding of the

Climate change and economic inequality loom large as the powerful descend on Davos

The world's political and economic elite are descending on the small Swiss Alps town of Davos this week for the annual World Economic Forum meeting where they hope to set this year's "global, regional and industry agendas." Approximately 3,000 people will be attending this year -- from President Donald Trump to German Chancellor Angela Merkel to climate

Ways to Address Poverty and Inequality Through Business: Your Comments Summary

By John Hoffmire In a recent column, I asked readers to write in with ideas about how full employment would influence the debate about inequality in the U.S. Since the column was published, eradicating poverty and trying to address inequality have been even more ever present in the spotlight as issues to be addressed in

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How Financial Literacy Helps You In Your Daily Life?

The way we buy things nowadays has changed in the past years. If 50 years ago you could buy food or clothes only with cash, now you have a lot of other options. You can have multiple bank and credit cards to use when online shopping. But having access to so many financial resources can

How Income Inequality Affects Health Equity, Patient Experiences

Nearly half of lower- and middle-income adults struggle to pay their dental and healthcare bills, underscoring latent issues with health equity in this country, according to a report from the Robert Wood Johnson Foundation, NPR, and the Harvard T.H. Chan School of Public Health. This comes in stark contrast with the highest income bracket that earns

Can solar geoengineering mitigate both climate change and income inequality?

New research from the University of California San Diego finds that solar geoengineering--the intentional reflection of sunlight away from the Earth's surface--may reduce income inequality between countries. In a study recently published in Nature Communications, researchers examine the impacts of solar geoengineering on global and country-level economic outcomes. Using a state-of-the-art macroeconomic climate impacts assessment approach,

11 ways to get in better financial shape in 2020

It’s the first full week of a new year, which serves as an ideal time to take stock of our financial health and, in many cases, make a plan for how to save more money. Last year, NBC News BETTER consulted experts to learn what steps one could take in 2019 to get on the right track and improve

Is Poverty Inescapable? An Immigrant’s Perspective

It is now fashionable to argue against the myth of escaping poverty by "pulling yourself up by your bootstraps." In her book Hand to Mouth: Living in Bootstrap America, Linda Tirado argues against the idea that poverty is due to a moral failing or character flaw. According to Ms. Trado, poverty is a self-perpetuating cycle; it is a

Four Outdated Retirement Myths That Might Break Your Financial Health

As business leaders, it's important to ask yourself: Are you really on track for financially surviving retirement and leaving the legacy you’ve been working so hard for? Sadly, I've found that what many of us think of as golden rules for retirement planning and financial security just don’t work. Either they never did, or they’ve

Aging Workforce Issues Transition into Retirement

Aging Workforce Issues Transition into Retirement Aging workforce issues impact the employee’s transition into the retirement years.  In America, the aging workforce plans to stay on the job past the traditional retirement age. By 2024, 25% of the aging workforce in the U.S. will be over the age of 55, and a third of those will

61% of Americans say there’s too much economic inequality in the U.S.

A majority of Americans agree that the unequal distribution of income and opportunity in the U.S. has gotten to be too much. Economic inequality in the U.S. is rising. It has increased exponentially since the 1980s, according to a new Pew Research Center report on the topic. In 1980, the households that ranked in the top

Half of Americans Get What Financial Success Really Means

About 48% of those surveyed consider this achievement a sure sign of success. How do you define success? When Northwestern Mutual conducted its 2019 Planning & Progress Study, it asked people to pick five attributes that they feel are signs of success. The top two answers came as no surprise: spending quality time with family and

New Study Shows Almost No One is Immune to Financial “Faux Pas”

According to the new Financial Wellness Survey from KeyBank, 75% of consumers consider themselves financially savvy, with 41% stating they're savvier than most or consider themselves an expert when it comes to personal finance. Despite this, more than half (54%) admit they have made a financial "faux pas"—referring to a money "false step" or error—and

Can We Tackle Climate Change and Economic Inequality?

The news for both climate change and economic inequality has been undeniably dire. In December the National Oceanic and Atmospheric Administration’s annual Arctic Report Card concluded that a critical cooling system around the North Pole may be breaking down, just the latest ominous survey about the existential threat of the climate crisis. On the economic front, a recent

Income Inequality In America Continues Its Inexorable Rise

Income inequality is an increasing problem in the United States and has been for several decades now. According to the Center on Budget and Policy Priorities (CBPP), back in the mid-1970s, income inequality reached its lowest point after incomes grew rapidly over the years from the late 1940s to the 1970s. Also, incomes increased at about