The Compelling Need for Financial Literacy Workshops in the Workplace
February 13, 2025 | 12:00pm ET
Financial stress is the leading form of stress for employees in Canada and the United States. Despite being unpleasant, stress is not an illness, but there are connections between stress and mental health conditions including depression, anxiety, psychosis and PTSD as well as physical symptoms such as hypertension, fatigue and fibromyalgia. The Journal of Occupational and Environmental Medicine reports that health care expenditures are nearly 50% greater for workers who report high levels of stress. Financial education is the answer to reducing financial stress, which should lead to reduced benefit expenses, incidences of presentism and absenteeism, and accidents on the job, as stress-related distraction accounts for an estimated 80% of workplace accidents.
Webcast Takeaways:
- Differentiating your employee benefit plan with a financial literacy program to attract and retain top talent
- Financial literacy to reduce benefit expenses for plan sponsors and plan members
- How to implement an ongoing financial literacy program.
