Financial stress is something most people deal with at one time or another, whether it’s paying off student loans, purchasing a first home, or affording quality health care. In fact, in a recent survey, 85 percent of people said that they feel stressed about money at least sometimes, while 30...
According to a recent study conducted by CreditWise, finances are the number one stressor for nearly three-quarters of Americans. When these issues come to work, productivity suffers, and employees feel less satisfied with their employment. Research has consistently shown that employee financial stress causes businesses $500 billion in lost productivity...
Employers want to help employees meet their short-term financial needs during the COVID-19 pandemic first. Employees are seeking financial guidance to help them navigate the economic fallout from the COVID-19 pandemic and take control of their finances. Nearly 60 percent of workers say that they or a close family member...
When it comes to financial wellness, one hot topic is student loan repayment assistance. According to the 2019 Employer’s Guide to Financial Wellness1, 36 percent of struggling employees want some form of student loan repayment as an employee benefit. However, according to a 2019 International Foundation of Employee Benefits Plan...
If you are eligible for an early retirement package that your company is offering in these tough economic times, you’re probably weighing its financial pros and cons. But there’s another side to retirement you ought to be considering, too — its influence on your health and happiness. To someone who...
If you recently lost your job or a good chunk of your income, you’re not alone. An astronomical number of people are out of work right now — and most people don’t have any emergency savings, leaving them to wonder how they’re going to make ends meet. That’s a scary place to be, but it doesn’t have...
Over the past few years, employers have started to use smartphone apps that give workers immediate access to their earned pay in return for a transaction fee of a few dollars. Now, there are signs that their use has surged during the COVID-19 pandemic. Lower-paid workers are not the only...
The coronavirus pandemic has disrupted the lives of people across the world — including the millions of people in the US who’ve lost their jobs. If you’re among them and need income urgently, here are six ideas for earning money right now that might help. Become a virtual tutor Schools across the country...
Business closings, airline shutdowns, layoffs, quarantines — every day, even every hour, it seems like there’s some new anxiety-provoking development stemming from the coronavirus pandemic. People are worried about themselves, their families, and (apparently) their toilet paper supply. Also, their money. Due to the coronavirus outbreak, over 75% of individuals are feeling significantly more nervous about...
In a troubled economy, job eliminations and hiring freezes seem almost routine, but when your own company’s woes start to make headlines, it all hits home. Intellectually, you understand that downsizing isn’t personal; it’s just a law of commerce, but your heart sinks at the prospect of losing your position....
A few weeks ago a very odd thing happened at this party. A billionaire entered the room and all real conversations ceased. Everyone’s energy instantly focused on the man who is revered as a tech celebrity because he had built a very, very successful corporation. People gawked. To the chagrin...
Regardless of what your financial situation looks like, whether you’ve got a cushy savings account, you’re living paycheck to paycheck, or somewhere in between, one thing is for sure: managing your money is important. Budgeting effectively is what allows us to move towards our big financial goals such as paying off debt, buying...
It may be time to review your organization’s compensation policies. As business leaders focus on closing the gender pay gap and states enact broader laws covering fair pay for more workers, HR professionals may want to review their organization’s compensation policies and practices. “We’re seeing an explosion of new equal-pay...
Clearly, nurturing your relationship with money can lead to improved health, less stress, and the peace of mind you need to show up optimally for all the other relationships in your life. “Not to have to spend mental bandwidth every single day stressing about money is huge,” says Erin Lowry, a...
When you think about your personal relationships, your relationship with money may not be the first that comes to mind. But it’s an important one that impacts your life in more ways than you might assume, affecting both your physical and emotional well-being. According to the American Psychological Association, money is...
Ever wonder what you and your partner could do to break through your own financial ceiling? Ever since I was little I was fascinated by the way people spoke (and didn’t speak) about money. Why was the subject taboo? Wasn’t money something that everybody wanted? Didn’t having more money allow...
Professional Liability can be complicated and to most is completely unknown. One of the questions I often get is: Why would I need Professional Liability when I already have a general liability policy for my business? General Liability is designed to address exposures relating to personal bodily injury or property...
In 1900 the average life expectancy in the USA was about 47 years of age; 46 for men and 48 for women. Now, just a little over 100 years down the road, the average life expectancy is 79. Advances in medical technology, improvements in living conditions, organ replacements, pharmaceuticals, etc....