MoneyWisdom Blog

Employees Increasingly Taking Money Problems to Work

Posted by Hanscom Federal Credit Union on Nov 16, 2017 7:00:00 AM

What would you do with $300 billion dollars? 

American businesses might want to ask themselves the same question. That astounding figure is the amount that businesses lose every year because of their employees’ stress levels, according to the World Health Organization, and money is a primary source of that stress. 

More than three out of four Americans (76%) cite money and work as their major sources of stress, according to a 2013 report by the American Psychological Association and American Institute of Stress.

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Topics: Financial Education, Financial Stress

Boost Your Mood with a Solid Savings Plan

Posted by MoneyWisdom Newsletter on Jan 7, 2016 9:18:30 AM

Keeping yourself out of debt could benefit more than just your finances. According to a study from the Center for Financial Security at the University of Wisconsin-Madison, a 10% increase in short-term debt, such as overdue bills and credit card debt, was linked to a 24% increase in symptoms of depression.

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Topics: Financial Stress, Debt

Do you trust your employees with the budget?

Posted by Maria Porto on Dec 16, 2015 7:00:00 AM

“If you are wrought with financial stress and self-inflicted misfortune, you are a less effective employee. Your employer not only should be concerned with how you handle their financial resources, but how your mishandling of your own personal financial resources affects you as a human resource.” – Peter Dunn, speaker and radio host

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Topics: Financial Education, Financial Stress, Partner Relations

Employers and Employees Feel Stress Differently

Posted by Maria Porto on May 5, 2015 1:19:00 PM

I came upon this infographic today and it really drives home the point I make often: your company will benefit from addressing employee stress. In short, the results of a recent study (illustrated here) show that employers and employees see and feel workplace stress differently.

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Topics: Financial Stress

Financial Stress is a Top Issue for Employee Assistance Programs

Posted by Maria Porto on Mar 10, 2015 8:36:00 AM

Financial stress is found to be at the root of most issues that impact employee work performance, and a strong employee assistance program (EAP) will recognize and address this topic. By providing resources to help employees achieve financial well-being, employers are in a unique position to strengthen employee engagement and prevent a drop in productivity.

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Topics: Financial Stress, employee assistance programs

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