Financial Education in the Workplace: Motivations, Methods, and Barriers
"One of the most important lessons of the subprime mortgage crisis holds for us is just how poorly informed many Americans are when it comes to making important financial decisions. Clearly, there is a need for basic financial education. But when, where, and how should such education be delivered? Financial literacy programs aimed at high school students do not appear to be effective, and few adults are willing to expend the time, money, and effort to acquire the sort of general education that would help them make good lifelong financial decisions." click here for the full report.
Lewis Mandell, Senior Fellow, Aspen Institute New America Foundation
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BEST QUOTE - Spending Excess Money
Author of the book, "The Empathy Gap," J.D. Trout says "I think its important to recognize that we don't have the influence on our kids that often times we think we do. When you're spending lots of excess money - money that wouldn't make any difference to your subjective well-being - you're spending the money on a hedonic vomitorium of sorts. The vomitorium image is just the idea that you're consuming something that can't be used by other people, and it gets wasted on you."
The New York Times, Feb 1, 2009, pg 11
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NUMBERS - Homeowners Upside Down: The Worst States
In some states and in the auto region, huge numbers of people with mortgages owe more than the value of their homes. The share of mortgages with negative equity has a national average of 19.8% with Nevada leading the average at 55.1%, next is Michigan with 40% and Arizona with 31.8%.
Money Magazine, May 2009, pg 103
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 "Featured Partner - Best Provider "
CLC Incorporated provides legal and financial benefits to over 26 million households through more than 25,000 corporations. CLC's clients include employer groups ranging from Fortune 100 companies to small businesses. Their sole focus is helping people improve their financial lives through one-on-one confidential coaching relationships. CLC never sells books, tapes or any other products. Through a comprehensive financial coaching and identity theft protection program called My Secure Advantage (MSA), CLC also delivers direct-to-employer, on-site financial education classes at no cost to employers. This combines classroom learning with 30-days of one-on-one telephone coaching to help attendees improve their financial lives.
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Webcast on Tuesday, May 5th at 1 pm (EST)
Sign up for Tom's Webcast on "All New Presentation"
Dr. E. Thomas Garman, President, Personal Finance Employee Education Foundtation, will present a webcast on Tuesday , May 5th, at 1 PM, EST. Presentation will be 25 minutes in length plus Q & A.
Please sign up by e-mailing Mary Moldenhauer, PFEEF Administrative Manager, E-mail.
The title is:
"Workplace Financial Programs are profitable when done right."
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