Why your company needs a financial wellness program to improve mental health

According to a study by the American Psychiatric Association, over 64% of US employees feel that finances are a significant source of stress in their daily lives. This particular kind of stress has far-reaching consequences for companies. Not only is financial stress known to cause physical health conditions like heart disease and migraines, but 50% of employees believe that it causes them to be more distracted at work.

Building a financial wellness program is a concrete contribution toward the long-term mental well-being and stability of your employees. We’ll show you how to do it.

Financial wellness programs:

• Improve retention: PwC reports that 76% of employees with financial issues would consider switching to companies that valued financial wellness. A financial health program shows current and prospective employees that you care.

• Promote long-term stability: Many people are not taught financial wellness at home or school. Sharing financial wellness tips at work can have lasting effects on well-being and stability.

• Boost job performance: The less time employees spend worrying about money, the more they can focus on their jobs — and their productivity and output will improve as a result.
  
  

Learn more about building a financial wellness program into your mental wellness curriculum.