Financial Security / Health Security

Financial security, characterized by a lack of worry about money and the perception that one has enough money, is an important contributor to one’s well-being. According to Gallup research “a lack of worry about money has more than double the impact of income on overall well-being,” and the feeling that you have enough money to do what you’d like “has three times the impact of your income alone on overall well-being.”

Survey data shows that employees’ financial situation is their number one source of stress. It’s also a drain on employees’ productivity. Employers are taking note and many are offering an array of solutions to help employees reduce finance-related stress that go well beyond traditional retirement planning. These include:

• Financial seminars/lunch-n-learns
• One-on-one sessions with financial advisers or coaches
• Financial health challenges
• Student loan repayment benefits