Value to Employers
Workplace financial education program: Does it have an impact on employees' personal finances? Journal of Family and Consumer Sciences (2007), Kim

Abstract

This study examines the impacts of a Cooperative Extension workplace financial education program on a selected group of university employees. The study examined the influences of the program on university employees’ self-assessed financial knowledge, financial behaviors, and perceived financial well-being. A pre- and post-assessment found that participants made significant improvements in financial knowledge, financial behaviors, and perceived financial well-being as a result of an eight-hour workplace financial education program.

Many Americans experience financial strains at some point in their lives. A recent national survey found that 60% of working Americans were experiencing moderate to high levels of financial stress (American Express Retirement Services, 2004). Individuals’ financial stress often spills over into the workplace and has been associated with productivity at the workplace (Garman, Leech, & Grable, 1996; Hira & Loibl, 2005; Kim, 2000).APA presents multiple citations in alphabetic order (corrected) In recent years, employers have provided workplace financial education programs to help employees better manage their personal finances and improve their financial well-being (Helman & Paladino, 2004). Read more (Word)...