Financial health

Home/Tag: Financial health

Money problems keep workers from excelling, poll finds

Dive Brief: While 42% of U.S. employees said their financial status has improved in the last two years, nearly as many — 38% — report living paycheck to paycheck, according to the results of a Feb. 11 Willis Towers Watson poll. The report revealed 39% of workers couldn't come up with $3,000 if they faced an

How to take the first step to financial independence in 30 minutes or less

There is a lot you can get done in a half-hour. Binge your favorite sitcom, take a nap or finish a chapter of a book. You can also take the first step to financial independence in under 30 minutes. Do you know your net worth? You don’t have to be a millionaire to figure it out.

Four Outdated Retirement Myths That Might Break Your Financial Health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

Solving the Financial Health Paradox

The disconnect between consumers’ self-perceptions and the reality of their financial health is striking, and suggests that financial services need to be doing something different. Findings from a recent Ernst and Young study—infused with insights from behavioral economics—point toward an exciting new path forward. Digital and mobile delivery, social media, gamification and lessons from physical

Let’s stop the argument that financial education doesn’t work

About this time each year, I expect the predictable articles proclaiming that personal finance education doesn’t work. Pundits point to poor proficiency in financial literacy “tests,” and programs that show minimal change in consumer’s behaviors to support their position. They assert this education is useless, ineffective and a waste of time, and we should stop spending

Are you on the right financial track for your age?

The Consumer Financial Protection Bureau, combined with a review of research and consultation with leading experts, found that financial well-being includes the following four elements: Having control over day-to-day, month-to-month finances. Having the capacity to absorb a financial shock. Being on track to meet your financial goals. Having the financial freedom to make the choices

Making financial wellness approachable… for employers

Employers know that their workers’ financial health is causing stress and impacting all aspects of their personal and professional lives. They know that offering tools and resources to address these issues not only improves productivity but can give them a recruiting advantage in today’s job market. They know all of this. Then why aren’t they doing something

Don’t Let a ‘Wealth Shock’ Destroy Your Health

Financial experts like to draw parallels between financial health and physical health. A well-planned budget is like a well-balanced diet, they say. Impulsive spending is like binge eating. Meeting with your financial advisor is like getting a regular physical. Sometimes, however, the relationship between financial health and physical wellness extends beyond the metaphors. In fact, a lack of financial

“Financial Health” is good medicine in mental health care

Spend an afternoon doing mental health research with Annie Harper, PhD and you might find yourself checking out the prices at a local rent-to-own store, helping a client pull his credit report, or listening as Harper speaks on the phone, convincing a student loan collection agency to restructure someone’s debt. “Some of the things we

Dan Schulman on Shifting From Financial Inclusion to Financial Health

In a time when technology has transformed people’s lives in so many ways, financial services is one area where the potential of the internet era remains largely unrealized. We’ve been hearing for decades about the demise of cash and the dawn of the digital economy. So far, though, the traditional financial order is still standing