13. Employers Often Recognize These Issues… But Do Nothing. “ You can lead a horse to water, but you can’t make it drink” Employee Financial Illiteracy is an Employer Problem
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16. “ Employer cost for not providing basic financial education that changes behaviors and job outcomes is $750 to $2,000+ per employee!” Employer Costs: Annual Cost to Employer for Ignoring One Worker’s Financial Illiteracy
17. Quality Workplace Financial Programs Rescue Employees and Employers by 1. Decreasing employee personal financial distress 2. Increasing employee personal financial wellness
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20. This is knowledge about • Spending Plans • Credit Management • Savings “ AND The lack of financial literacy is the major reason why employees do not save for retirement” Quality Programs Emphasize “Basic Financial Literacy”
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24. “ Employers do not realize they can improve profits – and prove it– by helping employees improve personal financial behaviors” Quality Financial Programs Result in Improved Employer Profits