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Financial Literacy: A Growing Concern
Young adults began their working lives during the Great Recession, and as such, have the added challenge of navigating a complex financial world. Many of them enter the workforce with little to no experience managing their own money, and no help from their family or employers.
In order to fill this financial literacy gap, many employers are turning to financial education programs as a means to improve employee productivity and retention. Programs likeFinancial Literacy for America's Workers (FLAW) work with employers of all sizes and industries, and provide employees with the tools and resources they need to make informed financial decisions.
In addition to FLAW, there are dozens of other financial literacy resources available online, including calculators and newsletters from organizations like CFPB. By arming employees with the knowledge and resources they need to manage their money effectively, we can help them build meaningful careers and secure healthy financial futures.