scholarly journals Employee Financial Wellness Programs: Promising New Benefit for Frontline Workers?

2020 ◽  
Vol 52 (4) ◽  
pp. 156-174
Author(s):  
Mathieu R. Despard ◽  
Ellen Frank-Miller ◽  
Yingying Zeng ◽  
Sophia Fox-Dichter ◽  
Geraldine Germain ◽  
...  
Keyword(s):  
National Survey ◽  
Financial Stress ◽  
Wellness Programs ◽  
Work Conditions ◽  
Frontline Workers ◽  
Financial Counseling ◽  
Financial Wellness ◽  
Financial Difficulties ◽  
New Type ◽  
Financial Challenges

Interest among employers is growing in employee financial wellness programs (EFWPs), a new type of benefit to address financial stress among employees. EFWP benefits include financial counseling, small-dollar loans, and savings programs that address employees’ nonretirement financial needs. Little evidence exists concerning the availability and use of and outcomes associated with EFWPs, especially among low- and moderate-income (LMI) workers who may be in the greatest need of these benefits. We present findings concerning awareness and use of EFWPs from a national survey of LMI workers ( N = 16,650). Availability of different EFWP benefits ranged from 11 to 15% and over a third of workers were unaware of whether their employer offered an EFWP. Experiencing financial difficulties predicted both EFWP awareness and use suggesting that employers should take time to assess employees’ specific financial challenges to select benefits. Yet, use of EFWPs by LMI workers may suggest the need for better compensation and work conditions.

Can Workplace Financial Counseling Help Lower-Income Workers Improve Credit Outcomes?

2021 ◽  
pp. JFCP-19-00081
Author(s):  
Mathieu R. Despard ◽  
Yingying Zeng ◽  
Sophia Fox-Dichter ◽  
Ellen Frank-Miller ◽  
Michal Grinstein-Weiss
Keyword(s):  
New York ◽  
New York City ◽  
York City ◽  
Lower Income ◽  
Counseling Program ◽  
Frontline Workers ◽  
Financial Slack ◽  
Financial Counseling ◽  
Promising Strategy ◽  
Credit Scores

Financial counseling has been found to be effective in improving consumers' credit outcomes and could be expanded through the workplace to reach lower-income workers who struggle with various financial challenges. We examine engagement and credit outcomes associated with a workplace financial counseling program offered to 2,849 frontline workers in New York City. Age and credit scores helped explain variation in types of engagement in services. Credit outcomes were modest on average, but greater among workers who received three or more counseling sessions, had low and no baseline credit scores, and reduced the number of delinquent and collections accounts on their credit reports. Workplace financial counseling is a promising strategy to proactively promote credit outcomes among frontline workers, though counselors should be flexible in offering services and help workers access affordable credit products available to those with subprime credit scores and increase financial slack to lessen dependence on credit.

Financial Stress and Financial Counseling: Helping College Students

2015 ◽  
Vol 26 (2) ◽  
pp. 172-186 ◽  
Author(s):  
Sonya L. Britt ◽  
Anthony Canale ◽  
Fred Fernatt ◽  
Kristen Stutz ◽  
Racquel Tibbetts
Keyword(s):  
College Students ◽  
Financial Stress ◽  
Student Loan ◽  
Student Loan Debt ◽  
Financial Behaviors ◽  
Net Worth ◽  
Positive Effects ◽  
Financial Counseling ◽  
Loan Debt ◽  
Subjective Financial Knowledge

This study had two distinct purposes. First, to determine the predictors of financial stress among college students who sought free peer-based financial counseling from a large Midwestern university (N = 675). Secondly, to determine the effectiveness of the particular financial counseling center from a subsample of those who sought help (N = 97). Results of the regression analysis indicate that students more likely to experience financial stress include freshmen, those with low perceived mastery and net worth, and those with median student loan debt as compared to those with no student loan debt. Results of t-test analyses suggest that financial counseling had positive effects on subjective financial knowledge and financial attitudes and mixed effects on financial behaviors.

Employee financial wellness programs: Opportunities to promote financial inclusion?

2020 ◽  
Vol 28 (3) ◽  
pp. 219-233
Author(s):  
Mathieu R. Despard ◽  
Ellen Frank-Miller ◽  
Sophia Fox-Dichter ◽  
Geraldine Germain ◽  
Matthew Conan
Keyword(s):  
Wellness Programs ◽  
Financial Inclusion ◽  
Financial Wellness

scholarly journals DOES FINANCIAL LITERACY AND FINANCIAL STRESS EFFECT THE FINANCIAL WELLNESS?

2019 ◽  
pp. 1-11 ◽  
Author(s):  
Nurazleena Ismail ◽  
Nur Damia’ Amiruddin Zaki
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Help Seeking ◽  
Financial Stress ◽  
Financial Education ◽  
Well Being ◽  
Stress Effect ◽  
Financial Wellness ◽  
Financial Condition ◽  
Seeking Behavior

Nowadays, people use financial wellness’s as terminology to understand the level of the individual’s financial condition. Previous researches show that although the persons have a lot of debts, they feel satisfied with their financial status. Conversely with those who are in good financial wellness with their wealth of life. Additionally, two elements have been discussed in relation to the income earner’s financial wellness which is economic well-being and financial well-being. Imbalance of financial wellness among low-medium income earners is due to reducing in employment opportunities, income instability and increase the number of family members. Therefore, personal financial management is important to ensure good or bad financial wellness among income earners. In this paper, financial literacy and financial stress are considered to determine the relationship of financial wellness. The result showed that both factors are significant with a strong positive relationship. It is important to describe the ability of income earners manage their money and apply the knowledge to make an effective financial decision. Thus, the organization should imply the financial education programs to their employees that can enhance financial literacy and reduce financial stress. Further research should be explored the other determinant factor such as financial self-efficacy and financial help-seeking behavior. These factors will improve the low-medium income earners’ financial wellness by seeking financial help as well as reducing financial stress.

scholarly journals CONCEPTUAL PAPER: THE RELATIONSHIP BETWEEN PARENT INCOME AND LEVEL OF FINANCIAL LITERACY AMONG UNDERGRADUATES UNIVERSITY

2021 ◽  
Vol 6 (42) ◽  
pp. 413-420
Author(s):  
Kujat Crister ◽  
Nur Yuhainis Ab Wahab
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Financial Stress ◽  
Financial Resources ◽  
Parental Income ◽  
Is Research ◽  
Financial Difficulties ◽  
Conceptual Paper ◽  
Low Levels ◽  
The Relationship

Parental income is one of the factors that can influence a person's financial literacy. This is because one of the sources of income for students to live their lives is through financial resources from parents. Therefore, the finances obtained will determine how a person can manage their expenses. In addition, the reduction in parental income due to the Covid-19 pandemic has resulted in reduced students income. Despite the reduction in income among parents, students still spend beyond their capacity and are unable to manage their finances properly. This is because low levels of financial literacy cause a person to be unable to manage his finances properly. Good financial management can help student undergraduates to avoid financial stress and other financial difficulties. Realising the issues and importance of financial literacy in life, there is research done to identify the relationship between parental income and financial literacy. But the results obtained by previous researchers are mixed. Therefore, the study focused on introducing a framework of concepts related to the relationship between parental income and the financial literacy of students and students.

scholarly journals Work conditions and financial difficulties in post-crisis Europe: Utility versus quality of working life

2019 ◽  
Vol 30 (1) ◽  
pp. 39-58
Author(s):  
Helena Lopes ◽  
Sérgio Lagoa ◽  
Ana C Santos
Keyword(s):  
Global Financial Crisis ◽  
Working Life ◽  
Well Being ◽  
Work Conditions ◽  
Human Flourishing ◽  
Quality Of Working Life ◽  
Financial Difficulties ◽  
Level Data ◽  
The Uk

This article critically examines the relation between work and utility and challenges the mainstream economic view of well-being as a hedonic state for which work is a less pleasurable trade-off. It proposes a conception of work as a potential source of eudaimonic well-being, providing meaning and contributing to human flourishing and self-realisation. Based on micro-level data, the article shows the relevance of distinguishing between hedonic and eudaimonic well-being by way of comparing the effects of increased financial difficulties and deteriorated work conditions on these two types of well-being in five European Union countries – Germany, Poland, Portugal, Sweden and the UK – in the post global financial crisis years between 2009 and 2014. The article concludes by underlining the political importance of addressing aspects pertaining to the quality of working life and of creating jobs that serve to improve the eudaimonic well-being of citizens. JEL Codes: I31, J28, J81

Stressful life events in the pathogenesis of Graves' disease

1996 ◽  
Vol 134 (6) ◽  
pp. 699-701 ◽  
Author(s):  
Vladan R Radosavljević ◽  
Slavenka M Janković ◽  
Jelena M Marinković
Keyword(s):  
Life Events ◽  
Stressful Life Events ◽  
Case Control Study ◽  
Work Conditions ◽  
Stressful Life ◽  
Graves Disease ◽  
Overtime Work ◽  
Financial Difficulties ◽  
Research Interview ◽  
Control Study

Radosavljević VR, Janković SM, Marinković JM. Stressful life events in the pathogenesis of Graves' disease. Eur J Endocrinol 1996;134:699–701. ISSN 0804–4643 A case-control study was conducted in order to assess possible relationships between life events and Graves' disease. The study included 100 newly diagnosed patients with Graves' disease and 100 controls matched with respect to sex, age (±2 years) and type of residence (rural, urban). Paykel's Interview for Recent Life Events (a semistructured research interview covering 61 life events) was administered to each subject. In comparison with controls, the patients claimed to have had significantly more life events in the 12 months preceding the diagnosis (p = 0.0001). The following eight life events were significantly more prevalent among patients than controls: change in time spent on work (much overtime work, second job, much less work than usual) (McNemar = 12.04; RR= 7.00;95%CI= 2.35–20.80;p= 0.0001), unemployment for at least 1 month (McNemar = 4.00; RR = 8.00; 95%CI = 1.04–61.39; p = 0.039), arguments with one's superior at work or a coworker (McNemar = 4.50; RR = 3.50; 95%CI = 1.10–11.08; p = 0.031), change in the work conditions (new company division, new chief, large reorganization) (McNemar = 4.26; RR = 4.00; 95%CI = 1.07–14.92; p = 0.035), increased arguments with spouse (McNemar = 6.75; RR = 11.00; 95%CI = 1.82–66.44; p = 0.006), increased arguments with fiancé/fiancée or a steady date (McNemar = 4.00; RR = 8.00; 95%CI = 1.04–61.39; p = 0.039), hospitalization of a family member for serious illness (McNemar = 3.76; RR = 3.25; 95%CI = 1.01–10.68; p = 0.049) and moderate financial difficulties (McNemar = 8.50; RR = 3.25; 95%CI = 1.47–7.16; p = 0.003). Our findings indicate that life events may be a risk factor for Graves' disease. Slavenka Janković, Institute of Epidemiology, Višegradska 26, PO Box 456, 11000 Belgrade, Yugoslavia

scholarly journals POLÍTICAS DE FORMAÇÃO DE PROFESSORES E DOCÊNCIA NO ENSINO MÉDIO BRASILEIRO

2017 ◽  
Vol 23 ◽  
pp. 119
Author(s):  
Adriana E Silva Sousa ◽  
Dante Henrique Moura
Keyword(s):  
Teacher Training ◽  
Social Relations ◽  
Work Conditions ◽  
National Education ◽  
The Social ◽  
Different Types ◽  
New Type ◽  
Critical Understanding ◽  
Training Organization ◽  
Formación Docente

O texto discute as relações entre as principais políticas de formação de professores e a precarização das condições de trabalho docente no ensino médio brasileiro, considerando o contexto de reestruturação produtiva instaurado mais fortemente no Brasil a partir da década de 1990. A construção deste texto é fruto de uma pesquisa bibliográfica e documental na qual buscamos entender quais são as principais determinações postas à formação de professores desde a aprovação da atual Lei de Diretrizes e Bases da Educação Nacional (LDB – Lei nº 9.394/1996). As discussões realizadas mostram que apesar dos avanços propostos pela legislação vigente, ainda há de forma contundente a necessidade de investir esforços na concretização de políticas que integrem formação, carreira, remuneração e condições dignas de trabalho. Além disso, registra-se a permanência de diferentes tipos de organização da formação docente, assim como uma diversidade de instituições que tem contribuído para a precarização do trabalho docente. Contraditoriamente, o professor também pode se constituir em  um novo tipo de trabalhador intelectualizado, potencializando a possibilidade de o professor formar-se na perspectiva contrahegemônica, dominando além dos conhecimentos exigidos pelo capital, aqueles que lhe permitam ter uma compreensão crítica do mundo e das relações sociais e de produção sob a égide do capital.Palavras-chave: Formação de professores. Condições de trabalho. Ensino médio.TEACHER TRAINING POLICIES AND TEACHING IN BRAZILIAN HIGH SCHOOLSAbstract: The text discusses the relations between the main policies of teacher training and precariousness of work conditions for teachers in Brazilian high schools, considering the context of productive restructuring most heavily installed in Brazil beginning in the 1990s. Construction of this text is the result of a bibliographical and document research in which we try to understand the main determinations placed on teacher training are since the approval of the current Law of Directives and Bases of National Education (LDB - Law nº 9.394/1996). Discussions showed that despite advances proposed by current legislation, there is still a need to invest in implementation of policies that integrate training, career, remuneration and decent working conditions. In addition, the existence of different types of teacher training organization has been registered, as well as a diversity of institutions that have contributed to the precariousness of teaching work. In contrast, the teacher can also become a new type of intellectualized worker, potentializing the possibility of the teacher training himself against the hegemonic perspective, dominating beyond the knowledge required by capital, those that allow him to have a critical understanding of the world and the social relations and production under the aegis of capital.Keywords: Teacher training. Work conditions. High school.POLÍTICAS DE FORMACIÓN DE PROFESORES Y DOCENCIA EN LA  ENSEÑANZAMEDIA BRASILEÑAResumen: El texto examina las relaciones entre las principales políticas de formación de profesores y la precarización de las condiciones de trabajo docente en la enseñanza media brasileña, basándose en el contexto dereestructuración productiva establecido de forma más efectiva en Brasil a partir de la década de los noventa. La elaboración de este texto es fruto de una investigación bibliográfica y documental en la que buscamos  comprender cuáles son las principales normas aplicadas a la formación de profesores desde la aprobación de la actual Ley de Directrices y Bases de la Educación Nacional (LDB – Ley nº 9.394/1996). Los planteamientos realizados señalan que pese a los avanzos propuestos por la legislación vigente, aún hay de forma contundente la necesidad de dedicarse más en la concreción de políticas que integren formación, carrera, remuneración y condiciones dignas de trabajo. Además, se nota la permanencia de diferentes tipos de organización de la formación docente, asimismo hay diversas instituciones que contribuyen con la precarización del trabajo docente. Contradictoriamente, el profesor incluso puede constituirse en un nuevo tipo de trabajador intelectualizado, potencializando la posibilidad del maestro formarse en la perspectiva contra hegemónica, dominando no solo los conocimientos exigidos por el capital, sino también los que le permitan una comprensión crítica del mundo, de las relaciones sociales y de producción bajo el amparo del capital.Palabras clave: Formación de profesores. Condiciones de trabajo. Enseñanza media.

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