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New PFEEF President
Judith N. Cohart became the new president of the Personal Finance Employee Education Foundation on January 1, 2010. She has excellent credentials and is extremely well prepared to offer leadership to PFEEF. You may know Judith through her roles at the AARP Foundation, the National Foundation for Credit Counseling or the Association for Financial Counseling and Planning Education. Please join us in welcoming Judith. | |
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Welcome to the Personal Finance Employee Education Foundation Newsletter
Please join others in staying informed about the importance of Employee Personal Finance education through our monthly newsletter. |
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PFEEF's Mission
To promote and facilitate financial education in the workplace. The PFW Scale™, Return on Investment Calculator, the Financial Education Providers List, as well as other resources will enable employers to understand that employees who have their finances in order will be more productive. |
SSA Releases Information on the New Financial Literacy Research Consortium
As part of its Special Initiative to Encourage Saving, SSA has established a new Financial Literacy Research Consortium (FLRC). The FLRC is made up of research centers at Boston College, the RAND Corporation, and the University of Wisconsin. Supported through five-year cooperative agreements, the centers will develop innovative, research-based communications and programs to help Americans plan and save for a secure retirement. click here for the full story |
| WEIGHING THE EFFECTS OF FINANCIAL EDUCATION IN THE WORKPLACE
The case is often made that financial education leads to improved financial decisions. In this study, we begin by assessing the need for financial education by reviewing national trends in savings, debt, and retirement funding as well as by reviewing the literature linking personal financial behaviour and participation in financial education programs. |
NEFE/Dartmouth Study: Increasing Participation in Employer-Sponsored Retirement Plans Urging employees to participate in retirement savings plans has always been a challenge. However, the findings of a study by researchers at Dartmouth College, through a grant provided by the National Endowment for Financial Education, show that specific low-cost strategies succeed in boosting employee participation rates. |
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EFERMA Conference
At the upcoming conference of the Eastern Family Economics/Resource Management Association, Aimee Prawitz, PFEEF Director of Research, will present research findings about the relationships among financial distress, emotional health, and absenteeism of employees. The study was based on data from the Mayo Clinic Health Risk Assessment implemented by TwoMedicine Health and Financial Fitness to determine the need for financial education in the workplace. |
| America Saves Week - February 21st - February 28th.
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We appreciate your interest in the Foundation.
Sincerely,
Judith Cohart, President
Personal Finance Employee Education Foundation Inc |
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