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RESEARCH - 401(k)s Aren't Covering America
Only about half of American workers have a retirement plan. Of those with a 401(k), many don't participate.
Only 66% join their 401(k). Only 10% of participants contribute the maximum. 60% cash out all or a portion of their money when they change jobs.
Money March 2009, pg 77
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BEST QUOTE-BUYING WHAT YOU CANNOT AFFORD
"Circuit City expired two weeks ago, leaving 567 stores dark and Best Buy as the main place to shop for the 60-inch flat-screen HDTV you can't afford."
Ted Anthony, Daily Sun, March 22, 2009, pg A20
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NUMBERS - In One Year, 24 Million Slide from 'Thriving to 'Struggling'
"More than 24 million Americans shifted in 2008 from lives that were 'thriving' to ones that were 'struggling' according to a massive study by Gallup and Heathways, a Tennessee-based health management company. Results from its Well-Being Index - including physical and mental health as well as personal finances and job satisfaction - are being released today."
January 2008 November/December 2008
Thriving - 49% 38%
Struggling - 51% 62%
USA Today, March 10, 2009, pg 1
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Australian Employers Focus on Employee Financial Well-Being
The financial crisis has brought a new urgency in Australia to the need for employees to know how to manage their debts, savings and expenditure.
"Improving workforce productivity by improving financial wellbeing has three stages-acknowledgement, education and support," says Matt Hern, principal of workplace financial education specialist Findre.
"Acknowledgement is about the employer demonstrating empathy. You can reduce employee stress with regular, consistent briefings on the financial stability of your company and what staff can do to secure the company's and their own future."
"Education is the way to overcome suboptimal financial behavior rooted in inadequate financial literacy. Many people need to learn more about managing money so they can make more informed choices and decisions.
HR Monthly, Dec 2008/Jan 2009, pg 44
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 "Featured Partner - Best Provider "
Financial Finesse was founded with a single mission: to provide people with the unbiased information and guidance they need to become financially independent and secure. Today, the company provides full service financial education programs to over 400 organizations, combining financial workshops with phone-based financial coaching, in person financial planning sessions and online content and tools to deliver personalized, ongoing financial planning programs.
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