Financial wellness at work - A review of promising practices and policies
Author: CFPB - Consumer Financial Protection Bureau
Topic: Financial well-being
Publisher: CFPB - Consumer Financial Protection Bureau
Location: United States
Format: Report
Content Type: Research
Publication Date: August 31, 2014
This review is intended to serve as a resource for employers who are interested in promoting employee financial well-being by helping their employees develop the skills to better manage their money. Section One introduces the need for financial education in the workplace. Section Two offers an overview of research findings in the field and a discussion of the costs to employers. Section Three presents case studies of some financial wellness practices that employers have found helpful and which might be useful to other companies interested in promoting financial wellness. The report also notes promising trends such as an increased focus on developing employee emergency savings.
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