News from PFEEF 
October 22, 2009
 
 
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Major Research Finding: Better Financial Wellness Equals Higher Job Productivity
 
"Employees who reported having better than average financial well-being were 1.72 times more likely to cite increased productivity over the past year," reports The Institute for Employment Studies in the United Kingdom in a major study of private sector and public employees.
 
(See http://www.personalfinancefoundation.org/research/vte/UK-Report-Financial-WB-Workplace-2009.pdf) PFEEF's research shows that  employers who provide quality financial programs to employees that result in improved personal financial behaviors will quickly obtain a positive return on investment from more productive employees.
Numbers - Americans Becoming Tightwads?
 
One-third (32%) of consumers say that thrift will be their new norm because they are spending less and don't expect that to change. Money, October 2009, p. 20
BEST QUOTE - Improve Financial Education
  
On September 14, 2009, President Obama gave a speech to the financial community in New York. In this speech he called upon the financial sector "to come up with creative approaches to improve financial education." 
         
"Featured Partner - Best Provider " 
 
Money Management International and its family of Consumer Credit Counseling Service (CCCS) agencies make up the largest non-profit, full-service credit counseling agency in the United States. MMI offers confidential budget, credit and housing counseling, interactive financial education, debt management services, bankruptcy counseling and bankruptcy education. We provide professional financial guidance, free credit counseling services, community-wide educational programs, debt management assistance, bankruptcy counseling and education services, and housing counseling assistance to consumers via phone, Internet and in-person sessions. For employers of all sizes, MMI provides quality financial education programs in workplaces designed to help employees move towards a debt-free future.

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