Whether you work at a financial company or not, everyone has to deal with the same financial concerns in their lives. Prudential Financial, one of the world’s largest financial services firms conducted a study on its employees over a 10 year period starting in 2008 regarding this issue.
They found that one in three employees, a staggering 31%, suffered from financial problems, even though they were being offered a comprehensive benefits package, much better than their competitors. To combat this, the company started an initiative to help alleviate the financial stress of their employees by offering financial education in the workplace.
In 2015, Prudential launched Pathways, a workplace financial education program that helps its employees with retirement and other savings needs. In addition, the program offers digital financial education on topics regarding debt management, saving, investing, and retirement planning strategies. Essentially, covering all of the major financial areas that one deals with in their life.
By the end of 2016, after the implementation of all of these various financial wellness measures, the company the saw the percentage of employees experiencing financial stress drop to 16%, falling under the national benchmark of 19%.
“With appropriate measures and with appropriate type of capabilities, you can positively impact financial stress within a workforce,” says Vishal Jain, financial wellness officer of Prudential’s workplace solutions group.
Financial burdens weigh heavily on an individual’s physical and mental wellbeing, causing stress, illness, and can seriously harm and deter someone’s life. This is why here at Millennial’s Choice, our goals are geared towards educating not only ourselves, but all of you in these areas of Real Estate, Mortgage, Insurance, and more, that can be daunting and stressful.
Our initiatives like MC University, are catered towards educating everyone about these important topics so that they will not have to deal with these stressful situations under prepared. Our seminars, in-class sessions, educational videos, and general consultation, are all avenues in which we use to help all of you learn and get the help and assistance you require.
If you are looking to learn about any of these areas, we have resources available to you. Our goal is help eradicate financial stress. If you have questions or request information about any of our initiatives, please contact us at email@example.com. The time to end financial stress is now.