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Financial Wellness: The New Must-Have Employee Benefit

If you had a choice, what’s better: Free snacks and massages, or a financial wellness program that can address the No. 1 concern of your employees — financial stress? The Aha Moment In Waiting The transformative nature of employee financial wellness is still not widely appreciated in corporate America. There hasn’t been a fundamental shift

Inequality in America in 6 charts

The Democratic Iowa caucuses happened on Monday, and inequality has been one of the biggest issues in the nascent presidential campaign. Among the frontrunners in the race, Senators Bernie Sanders and Elizabeth Warren have made inequality and related issues central to their campaigns. Both candidates support drastically raising taxes on the wealthiest Americans, along with programs like

What the Poor Think of the Rich

The core of the American Dream — equality of opportunity and rewards commensurate with efforts and abilities — has enchanted millions of people across the globe. However, it is important to assess whether the reality bears out that ideal. Although two-thirds of Americans (69 percent) agree with the statement that “people are rewarded for intelligence

2020-02-05T07:44:14-06:00Tags: |

All of the World’s Wealth in One Visualization

Americans control almost 30% of the entire world’s wealth. Other countries aren’t that far behind anymore, and when measured collectively, Asia already boasts a higher total. That’s according to a new global wealth report from Credit Suisse. The U.S. remains by far the richest country in the world, controlling some $105.99T of wealth, or almost 30%

How $98 trillion of household wealth in America is distributed: “It’s very depressing”

The gap between rich and poor in America is the worst it's been in more than a half century. It's a concern cited by every leading Democratic presidential candidate in the 2020 election, but many may not realize what it actually means. If a pie represented the estimated $98 trillion of household wealth in the United States, nine pieces,

Cumberbatch, Colman among stars urging action on climate and poverty

Olivia Colman, Benedict Cumberbatch and Malala Yousafzai are among 2,000 leading activists, campaigners and public figures who have backed an open letter demanding urgent action to end extreme poverty, conquer inequality and fix the climate crisis. Directed at the world leaders who in 2015 agreed a series of UN global goals – including tackling gender inequality,

Rising inequality affecting more than two-thirds of the globe

Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can be tackled at a national and international level, says a flagship study released by the UN on Tuesday. The World Social Report 2020, published

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

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 meaningful ways. Many

2020-01-29T19:53:07-06:00Tags: |

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