The Benefits of Workplace Financial Wellness Programs
|
|
- Barnaby Ross
- 6 years ago
- Views:
Transcription
1 The Benefits of Workplace Financial Wellness Programs How Companies Can Promote Household Financial Security Mathieu Despard, University of Michigan Meredith Covington, Ellen Frank-Miller, Geraldine Hannon, Michal Grinstein-Weiss, Washington University in St. Louis PlanSource Eclipse 2017 July 21, 2017 Park City, Utah
2 What is Financial Wellness? Freedom from financial stress and debt, enjoying life, and being prepared for emergencies 1
3
4
5 Employee Financial Wellness 2017 PwC Employee Financial Wellness Survey 53% of employees have financial stress - #1 source of stress Nearly 1 in 3: personal finances a work distraction; 22% say productivity suffers 42% struggle to meet monthly household expenses
6 Employee Financial Wellness 2017 PwC Employee Financial Wellness Survey 35% use credit cards for basic needs 30% have made non-retirement withdrawals from plans Top concern: lack of emergency savings (50%)
7 Source: JP Morgan Chase Institute
8 Source: JP Morgan Chase Institute
9 What Employers Can Do Financial Wellness Programs services to help employees become more financially capable and secure Financial coaching Credit counseling Online financial management tools Payroll advance or short-term loans Split deposit, automated savings products
10
11 Financial Wellness Programs Motives: to help employees and company 41% & 53% say productivity and company loyalty are improved, respectively Table 3. Services Offered (n = 60) % Direct deposit 83 Split deposit 71 Financial coaching In person 56 Online or by phone 71 Financial education classes 64 Online financial management tools 51 Credit counseling 39 Debt management 24 Payroll advance 17 Short-term loans 22 Student debt repayment 18 Research supported by the Ford Foundation, the JPMorgan Chase Foundation, and the W.K. Kellogg Foundation
12 Survey of 16,343 lower-income tax filers Less than 10% said employers offered a financial wellness program (except split deposit) Lower-Income Employees Much higher utilization among employees w/difficulty covering usual expenses Most interested in split direct deposit; also interested in payroll advance loans, financial coaching, online tools
13 Considerations for Employers Survey your employees; note differences by age, position/pay Engage employees in designing wellness solutions Consider existing resources: EAP provider, nonprofit and federal government resources
14 Existing Resources FDIC Money Smart Consumer Financial Protection Bureau (CFPB) - financial education materials National Foundation for Credit Counseling local accredited providers Local banks/credit unions Savings programs
15 Considerations for Employers Financial wellness program no substitute for good wages and health benefits, paid leave Consider both highand low-touch products and services: financial education alone is not enough Choose provider w/track record of promoting financial security; avoid untested, deceptive, or abusive services
16 Short-Term Loans Loans needed to cope with financial emergencies Few banks offer short-term, unsecured installment loans Payday loans: triple digit interest rates, quick lump sum repayment Employers don t want to make loan decisions Payroll-deducted installment payments may help improve credit scores
17 Download the Primer Additional tips for each type of wellness product or service Examples of financial wellness providers
18 References JP Morgan Chase Institute. (2015). Weathering volatility: Big data on the financial ups and downs of U.S. individuals. PricewaterhouseCoopers. (2017) Employee Financial Wellness Survey.
Bringing Financial Wellness Services into the Workplace. December 14, 2017
Bringing Financial Wellness Services into the Workplace December 14, 2017 Welcome Carmen Shorter Senior Manager for Learning Field Engagement Prosperity Now Housekeeping This webinar is being recorded
More informationBanking, Saving, and Payday Loans
Banking, Saving, and Payday Loans Lesson 1: Teacher s Guide Ages 14-18 Performance Expectations When making banking and savings decisions during the game, communicate to students that they are to: Check
More informationJanuary 22, SUBJECT: Comments on Request for Information on Small-Dollar Lending (RIN 3064-ZA04)
January 22, 2019 Robert E. Feldman, Executive Secretary Attention: Comments, Federal Deposition Insurance Corporation 550 17 th Street NW Washington, DC 20429 SUBJECT: Comments on Request for Information
More informationUsing voluntary benefits to improve employee financial wellness and your bottom line
White Paper Using voluntary benefits to improve employee financial wellness and your bottom line By Jeanne N. Brandon, National Practice Consultant, Voluntary Benefits and Enrollment Solutions Employees
More informationYOUR MONEY, YOUR GOALS. A financial empowerment toolkit
YOUR MONEY, YOUR GOALS A financial empowerment toolkit Consumer Financial Protection Bureau December 2016 About the Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB)
More informationJune 2014 CSD POLICY BRIEF 14-13
June 2014 CSD POLICY BRIEF 14-13 Lack of Emergency Savings Puts American Households at Risk: Evidence from the Refund to Savings Initiative By Michal Grinstein-Weiss, Blair Russell, Brad Tucker, and Krista
More informationReflections. cfed.org/blog/inclusiveeconomy
Reflections Creating Opportunities for Young Workers to Thrive Pamela Chan, CFED C2ER Annual Conference June 15, 2017 In this presentation, we will About CFED* Financial Security at Work Study Report Study
More informationSavings Advance CONCEPT DOCUMENT
CONCEPT DOCUMENT Savings Advance TEAM MEMBERS Chris Cummins, Redwood Credit Union Tiffany Halfon, Smart Financial Credit Union Doug Robinson, Vermont Federal Credit Union Jennifer Statham, WSECU PROBLEM
More informationFinancial Wellness for Nonprofit Employees
Financial Wellness for Nonprofit Employees Ron Elwood, Supervising Attorney, Legal Services Advocacy Project Cate Rysavy, Senior Director of Financial Service, LSS of Minnesota Terri Banaszewski, Vice
More informationConsumer Financial Protection Bureau
Consumer Financial Protection Bureau Community and Technical College Leadership Fly-In Conference June 20, 2017 Janneke Ratcliffe Office of Financial Education Mike Pierce Office of Students Disclaimer
More informationEnd-of-Year Credit Card Borrowing
June 2018 QUARTERLY CONSUMER CREDIT TRENDS End-of-Year Credit Card Borrowing This is part of a series of quarterly reports on consumer credit trends produced by the Bureau of Consumer Financial Protection
More informationCredit Cards and Financial Health Member-Exclusive Report from CFSI s Consumer Financial Health Study
Credit Cards and Financial Health Member-Exclusive Report from CFSI s Consumer Financial Health Study We provide this CFSI Member Exclusive as a resource to create new products, calibrate existing ones,
More informationUK Consumer Digital Index Appendix Benchmarking the digital and financial capability of people in the UK
UK Consumer Digital Index Appendix 2018 Benchmarking the digital and financial capability of people in the UK GLOSSARY Benefits classification The benefits category is made up of : 1. Disability 2. Housing
More informationUsing voluntary benefits to improve employee financial wellness and your bottom line
White paper Using voluntary benefits to improve employee financial wellness and your bottom line By Jeanne N. Brandon, National Practice Consultant, Voluntary Benefits and Enrollment Solutions August 2016
More informationPayday Lending in America series (3 reports) Research began in 2011
Payday LendinginAmerica America: Policy Solutions www.pewtrusts.org/small loans Pew s Small Dollar Loans Project Payday Lending in America series (3 reports) Research began in 2011 Unique, nationally representative
More informationConsumer Finance Enforcement Activity in a New Administration
Consumer Finance Enforcement Activity in a New Administration May 3, 2017 Moderator: Allyson B. Baker, Esq., Partner, Venable LLP Panelists: Meredith L. Boylan, Esq., Counsel, Venable LLP Paula-Rose Stark,
More informationInvest With A Plan. A process to help you achieve what s important to you and your family
Invest With A Plan A process to help you achieve what s important to you and your family INVESTMENT AND INSURANCE PRODUCTS ARE: NOT FDIC INSURED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT A DEPOSIT
More informationEmployee Financial Wellness Survey 2017 results
www.pwc.com/us/financialeducation results Click on a topic to go directly to that section. About this survey 2 Foreword 3 Financial well-being Defining financial wellness 6 Top financial concerns 7 Impact
More informationAsset Building: Not just getting by Getting Ahead
Asset Building: Not just getting by Getting Ahead Travelers Aid International Annual Conference June 15, 2018 Earlisha Blackmon, Contract Outcomes Analyst Theresa Gibbons, Director of Asset Building Think
More informationDavid Silberman Associate Director, Research, Markets, and Regulation Consumer Financial Protection Bureau. April 4, Dear Mr.
David Silberman Associate Director, Research, Markets, and Regulation Consumer Financial Protection Bureau April 4, 2014 Dear Mr. Silberman, The Assets & Opportunity Network (the Network) is grateful for
More informationINCREASING FINANCIAL SECURITY WITH WORKPLACE EMERGENCY SAVINGS
INCREASING FINANCIAL SECURITY WITH WORKPLACE EMERGENCY SAVINGS Phil Waldeck President Prudential Retirement Snezana Zlatar Senior Vice President Full Service Solutions Product & Business Management Prudential
More informationWhat is a Health Savings Account?
What is a Health Savings Account? Retirement and Health Care Savings Ideas 2 WHAT ARE THE BENEFITS OF A HEALTH SAVINGS ACCOUNT? Did you know that health care costs are among the top retirement concerns
More information2016 Annual Report. Helping people achieve their financial dreams.
2016 Annual Report Helping people achieve their financial dreams. Helping our Neighbors Like all credit unions, we were created with a philosophy of People Helping People. This means we have the pleasure
More informationConsumer Debt for 2012
Borrower Beware 1 Why Borrow? 2 Consumer Debt for 2012 Averages per US Household: O Average credit card debt: $15,204 O Average mortgage debt: $148,818 O Average student loan debt: $33,005 Total American
More informationRefund to Savings: Evidence of Tax- Time Saving in a National Randomized Control Trial
Refund to Savings: Evidence of Tax- Time Saving in a National Randomized Control Trial Dana C. Perantie Michal Grinstein-Weiss May 16, 2014 Note: Statistical compilations disclosed in this document relate
More informationKeeping Fintech Fair: Thinking about Fair Lending and UDAP Risks
Keeping Fintech Fair: Thinking about Fair Lending and UDAP Risks Outlook Live Webinar July 16, 2018 Carol A. Evans Associate Director Div. of Consumer & Community Affairs Federal Reserve Board Katrina
More informationKeeping Fintech Fair: Thinking about Fair Lending and UDAP Risks
Keeping Fintech Fair: Thinking about Fair Lending and UDAP Risks Outlook Live Webinar July 16, 2018 Carol A. Evans Associate Director Div. of Consumer & Community Affairs Federal Reserve Board Katrina
More informationThe Unique Role of Non-Banks in Emerging Payments: The laws that apply; the rewards and the risks. ACC Legal Quick Hit
The Unique Role of Non-Banks in Emerging Payments: The laws that apply; the rewards and the risks. ACC Legal Quick Hit Judith Rinearson, Bryan Cave LLP Keith Omsberg, Official Payments Corporation Cheryl
More informationBureau Update: Debt Collection
Bureau Update: Debt Collection NACARA October 16, 2018 Charleston, SC This presentation is being made by representatives of the Bureau of Consumer Financial Protection on behalf of the Bureau. It does
More informationBureau Update: Debt Collection. Sep 2018
Bureau Update: Debt Collection Sep 2018 This presentation is being made by representatives of the Bureau of Consumer Financial Protection on behalf of the Bureau. It does not constitute legal interpretation,
More informationSpecial Alert: CFPB Issues Rule Regarding Payday, Title, Deposit Advance, and Certain Other Installment Loans
Special Alert: CFPB Issues Rule Regarding Payday, Title, Deposit Advance, and Certain Other Installment Loans On October 5, 2017, the CFPB published its final rule (the Rule ) addressing payday loans,
More informationSEMI-ANNUAL REPORT OF THE BUREAU OF CONSUMER FINANCIAL PROTECTION HEARING CONTENTS: SEPTEMBER 29, 2015 COMPILED FROM:
SEPTEMBER 29, 2015 SEMI-ANNUAL REPORT OF THE BUREAU OF CONSUMER FINANCIAL PROTECTION UNITED STATES HOUSE OF REPRESENTATIVES, COMMITTEE ON FINANCIAL SERVICES ONE HUNDRED AND FOURTEENTH CONGRESS, FIRST SESSION
More informationUDAAP: The CFPB s Emerging and Evolving Doctrine
UDAAP: The CFPB s Emerging and Evolving Doctrine October 5, 2016 Moderator: Allyson Baker, Esq., Partner, Venable LLP Panelists: Jennifer McCabe, Vice President, Cornerstone Research Meredith Boylan, Esq.,
More informationTO: Merchants Insurance Group Commercial Lines Agents [EXCEPT NEW YORK]
February 13, 2017 BULLETIN NO. 5622 TO: Merchants Insurance Group Commercial Lines Agents [EXCEPT NEW YORK] SUBJECT: Introduction of New Credit Card Payment Vendor Agency Bulletin Effective February 13,
More informationWelcome to the Tech Oscars. Learn more and apply for your own award!
Welcome to the Tech Oscars Learn more and apply for your own award! Your Award Winners Michael Mikkelson Chief Information Officer Educators Credit Union Racine, WI Gary Coates Business Applications Manager
More informationCFPB Notice and Request for Comment. Defining Larger Participants in Certain Consumer Financial Products and Services Markets.
CFPB Notice and Request for Comment SUMMARY: Defining Larger Participants in Certain Consumer Financial Products and Services Markets June 23, 2011 76 Fed. Reg. 38059 The Bureau of Consumer Financial Protection
More informationRetirement Services. Financial Wellness For Your Workplace. Help Your Employees Face Their Financial Decisions With Confidence
Retirement Services Financial Wellness For Your Workplace Help Your Employees Face Their Financial Decisions With Confidence Contents Introduction 3 Employees Financial Difficulties Impact Your Business
More informationFinTech and CDFIs CDFI Institute. Washington D.C., March 1, 2018
FinTech and CDFIs 2018 CDFI Institute Washington D.C., March 1, 2018 Nick Elders, Community Reinvestment Fund, USA Connie Evans, Association for Enterprise Opportunity Dominik Mjartan, South Carolina Community
More informationAFR/CRL 2017 Financial Regulation Poll Page 1
AFR/CRL 2017 Financial Regulation Poll Page 1 To: Interested Parties From: Celinda Lake, Bob Carpenter, David Mermin, and Zoe Grotophorst Re: New Poll Reveals Strong Bipartisan Support for Financial Regulation;
More informationApplicability to Community Banks
I. Background On October 5, 2017, the Bureau of Consumer Financial Protection ( BCFP or Bureau ) issued the Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule ( Final Rule or Rule ) covering
More informationBankrupt by Design: Payday Lenders Target Pennsylvania Working Families
Bankrupt by Design: Payday Lenders Target Pennsylvania Working Families Pennsylvania s payday lending bill would transfer money from Main Street Pennsylvania to Wall Street, while stifling economic security
More informationOklahoma Standards Objectives FoolProof Module Alignment
Oklahoma Personal Financial Literacy Standards: Oklahoma Standards Objectives FoolProof Module Alignment Standard 1: The student will describe the importance of earning an income and explain how to manage
More informationNOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Q J.P. Morgan Funds. Sales charge / dealer concession schedule
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Q4 27 J.P. Morgan Funds / dealer concession schedule A shares Dynamic Equity Equity Index Fund* Growth and Small Cap Core Fund U.S. Research Enhanced Equity
More informationWHAT WOULD YOU DO IF YOUR SALARY STOPPED?
INCOME PROTECTION THE BASICS WHAT WOULD YOU DO IF YOUR SALARY STOPPED? Being unable to work due to long term illness or injury is a frightening prospect. On top of everything else, could you cope financially?
More informationConsumer Finance Protection Bureau. About this presentation. The CFPB 1/26/2012
Consumer Finance Protection Bureau Annual Conference Coalition of Higher Education Assistance Organizations John Dean Washington Partners, LLC January 2012 About this presentation This presentation is
More informationFarmHouse International Fraternity New Member Education Program Topic Summary: Personal Finance
FarmHouse International Fraternity New Member Education Program Topic Summary: Personal Finance 11 College is a challenging time both in and out of class. As a student you are coping with a new environment
More informationThe Funnel Effect of The Dodd-Frank Act
The Funnel Effect of The Dodd-Frank Act 2012 NCHER Knowledge Symposium The Dodd-Frank Effect Model Increases in Regulation Lawsuits Financial Industry Reaction Complaints Customer Confusion 1 The Dodd-Frank
More informationEmergency Employee Loan Program
Emergency Employee Loan Program January 2017 UNSOLICITED PROPOSAL What is it? LoansAtWork is an essential and innovative benefit that enables employers to dramatically improve their employees financial
More informationfor Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook
for Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook Welcome! This workshop is about credit. Credit is buying something now, but paying for it later. Credit can be useful
More informationWELLNESS EFFECT. The Power of the Wellness Effect THE POWER OF THE. Phil Waldeck. Andrew Sullivan. Seeing the real value of employee financial health.
The Power of the Wellness Effect THE POWER OF THE WELLNESS EFFECT Seeing the real value of employee financial health. Phil Waldeck President & CEO, Prudential Retirement Andrew Sullivan President, Prudential
More informationA SURVEY OF UNFAIR, DECEPTIVE, AND ABUSIVE PRACTICES ADAM D. MAAREC SEPTEMBER 10, 2014
A SURVEY OF UNFAIR, DECEPTIVE, AND ABUSIVE PRACTICES ADAM D. MAAREC SEPTEMBER 10, 2014 OVERVIEW COMPLIANCE & UDAAP ENFORCEMENT 2 OVERVIEW 1. BACKGROUND 3 OVERVIEW 2. IDENTIFYING UDAAP: ENFORCEMENT 4 OVERVIEW
More informationElevate Investor Presentation May 2017
Elevate Investor Presentation May 2017 1 Forward-Looking Statements This presentation and responses to various questions contain forward-looking statements within the meaning of Section 27A of the Securities
More informationRetirement education. Understand how we connect with your participants and how you can help.
Retirement education Understand how we connect with your participants and how you can help. As a retirement plan sponsor, you have a big job and a long list. Education for your plan participants may rise
More informationHomeownership, the Great Recession, and Wealth: Evidence from the Survey of Consumer Finance Michal Grinstein-Weiss Clinton Key
Homeownership, the Great Recession, and Wealth: Evidence from the Survey of Consumer Finance Michal Grinstein-Weiss Clinton Key Presented at The Federal Reserve Bank of St. Louis 6 February 2013 The American
More informationAbility to Pay and Limits on Transfer Attempts: The CFPB s Payday Loan Rule
Ability to Pay and Limits on Transfer Attempts: The CFPB s Payday Loan Rule Katie Wechsler October, 2017 On October 5, 2017, the Consumer Financial Protection Bureau (CFPB) released its final Rule on Payday
More informationWelcome! Cassie Costin Community Market Leader SECU
Welcome! I have over 15 years of financial services experience, with 8 of those years being spent in the credit union industry. I primarily serve the University of Maryland College Park faculty, staff
More information2012 CFA Survey of Big Bank Overdraft Loan Fees and Terms
2012 CFA Survey of Big Bank Overdraft Loan Fees and Terms In May, 2012 CFA surveyed the websites of the fourteen largest banks and collected information on their overdraft fees and practices, processing
More informationNine Things You Might Not Know about U.S. Nonprofits
Nine Things You Might Not Know about U.S. Nonprofits by GuideStar November 2015 Nine Things You Might Not Know about U.S. Nonprofits Prepared by GuideStar November 2015 1. There are millions of nonprofits.
More informationAll About Super Fact Sheet
All About Super Fact Sheet IFFP News Super still the super saver: As the effects of the worst global economic downturn in 40 years generate a second year of negative returns, super fund members could be
More informationPRACTICAL MONEY GUIDES. Credit Card Basics. What you need to know about managing your credit card.
PRACTICAL MONEY GUIDES Credit Card Basics What you need to know about managing your credit card. Learn how to choose and manage your credit card. The Convenience of Credit Credit cards can be powerful
More informationPerceived Helpfulness of Financial Well-being Programs: Results From the 2017 and 2018 Retirement Confidence Surveys
September 2010 No. 346 August 20, 2018 No. 457 Perceived Helpfulness of Financial Well-being Programs: Results From the 2017 and 2018 Retirement Confidence Surveys By Craig Copeland, Ph.D., Employee Benefit
More informationTarget date funds: Translating Department of Labor guidance into action
RETIREMENT INSIGHTS Target date funds: Translating Department of Labor guidance into action IN BRIEF In February 2013, the U.S. Department of Labor (DOL) issued eight tips to help plan fiduciaries with
More informationYour Money, Your Goals Spotlight Series. Helping Clients Develop and Manage Cash Flow Budgets
Your Money, Your Goals Spotlight Series Helping Clients Develop and Manage Cash Flow Budgets DISCLAIMER This presentation is being made by a Consumer Financial Protection Bureau representative on behalf
More informationPayday Lenders Continue to Put Coloradoans Into High Cost Debt
Payday Lenders Continue to Put Coloradoans Into High Cost Debt Ellen Harnick, Western Office Director Delvin Davis, Senior Researcher February 2018 Executive Summary 1 Almost eight years after Colorado
More informationDEBT REPAYMENT OPTIONS OPTIONS FOR THE REPAYMENT OF YOUR UNSECURED DEBT
DEBT REPAYMENT OPTIONS OPTIONS FOR THE REPAYMENT OF YOUR UNSECURED DEBT EDUCATIONAL SERIES / MARCH 2012 1 DEBT REPAYMENT OPTIONS OPTIONS FOR THE REPAYMENT OF YOUR UNSECURED DEBT Published by Debt Management
More informationIncome volatility in Canada: Why it matters and what to do about it. Aug 23, 2017
Income volatility in Canada: Why it matters and what to do about it Aug 23, 2017 Welcome! Thank you for joining the webinar on Income volatility in Canada: Why it matters and what to do about it hosted
More informationDebt Collection CFPB Reveals Outline for Future Rulemaking
Client Alert Americas FS Regulatory Center of Excellence Debt Collection CFPB Reveals Outline for Future Rulemaking On July 28, 2016, the Consumer Financial Protection Bureau (CFPB or Bureau) released
More informationTarget date funds: Translating Department of Labor guidance into action
RETIREMENT INSIGHTS Target date funds: Translating Department of Labor guidance into action IN BRIEF In February 2013, the U.S. Department of Labor (DOL) issued eight tips to help plan fiduciaries with
More informationRaddon Research Insights. The High-Income Market: Trends and Behaviors, 2016
The High-Income Market: Trends and Behaviors, 2016 Contents Introduction 1 Profile of the High-Income Consumer 2 Product Usage: Loans and Deposits 10 Investments 17 Retirement 28 Conclusions 34 Strategies
More informationScarcity at the end of the month
Policy brief 31400 December 2017 Emily Breza, Martin Kanz, and Leora Klapper Scarcity at the end of the month A field experiment with garment factory workers in Bangladesh In brief Dealing with sudden,
More informationUNDERSTANDING CREDIT. KASFAA Conference Manhattan, KS April 21, Robb Cummings Director of Business Development
UNDERSTANDING CREDIT KASFAA Conference Manhattan, KS April 21, 2016 Robb Cummings Director of Business Development FICO Score 2 A FICO Score is a three-digit number calculated from the credit information
More informationBanking, Saving, and Payday Loans
Banking, Saving, and Payday Loans Lesson 1: Student Activities Ages 14-18 1 Lesson 1: The Payoff Student Activities Lesson Procedures Part 1: Play The Payoff Part 2: Pre-quiz Directions: RESPOND to this
More informationFrequently Asked Questions
Frequently Asked Questions About a Tax-Free Savings Account (TFSA) What is a TFSA? What does it offer? What are the advantages of the Shaw TFSA? Are contributions to a TFSA tax deductible? What are the
More informationYour Money, Your Goals Spotlight Series. Dealing with debt: A closer look
Your Money, Your Goals Spotlight Series Dealing with debt: A closer look DISCLAIMER This presentation is being made by a Consumer Financial Protection Bureau representative on behalf of the Bureau. It
More informationTHE IMPACT OF THE FED S PROPOSAL TO CAP DEBIT CARD INTERCHANGE FEES ON CONSUMERS AND SMALL BUSINESSES
1 THE IMPACT OF THE FED S PROPOSAL TO CAP DEBIT CARD INTERCHANGE FEES ON CONSUMERS AND SMALL BUSINESSES March 29, 2011 Richard Schmalensee Professor of Economics & Management, MIT Sloan School 2 Quick
More informationDollars & Cents FREE. Inside
Dollars & Cents Inside Small Amount Loans and Your Options How could you use an extra $500 in your bank account? Reduce Your Juice If your landlord has let you down keep paying the rent! Be Money Smart
More informationLanguage Access in the Mortgage Market
Language Access in the Mortgage Market Moderator Kyung Cho Miller, JP Morgan Chase Panelists Elizabeth Kemp, MBA Tobias P. Moon, Akerman LLP Alfred Pollard, FHFA Making Lending and Servicing Great Again
More informationREACH CHARTER ACADEMY
REACH CHARTER ACADEMY AGENDA: Public school funding School financial reports Compliance reporting Board Workshop February 16, 2012 1 Let s get started!!! 2 Q: How can we let school programs drive the budget
More informationTomorrow s Scholar 529 Plan
Tomorrow s Scholar 529 Plan Investor Guide... connecting to the future Investment options customizable to your needs A flexible and tax-advantaged way to save for college Potential advantages over other
More informationINCREASING FINANCIAL WELLNESS WITH A PARTICIPANT PERSPECTIVE
Founded in 1992 Administration of Over 20,000 Plans and 1.3 Million Plan Participants Over $70 Billion in Assets Under Management Plans in All 50 States PG 1 Increasing 2 Leasing 2 Did 3 Compensation 5
More informationFinancially stable employees are happy and productive employees, and that s better for everyone. That s where ZayZoon comes in.
Financial Stress: What Employers Need to Know ZayZoon is the employee benefit that helps employers and their payroll companies set themselves apart by providing employees access to their money when they
More informationFinancial Wellness: Making sure your employees are financially fit which will lead to more productivity
Financial Wellness: Making sure your employees are financially fit which will lead to more productivity November 2, 2017 One Hundred Northfield Drive, Windsor, CT 06095 Toll Free: 866.466.9412 www.fiallc.com
More informationThe National Credit Union Foundation: Financial Health Check-Up Aggregation
The National Credit Union Foundation: Financial Health Check-Up Aggregation Results excerpt, November 2017 Leading the Nation in Consumer Financial Health MEMBERSHIP CONSULTING RESEARCH INNOVATION Overview
More informationSix ways to reach college savings goals with a 529 plan
3 4 5 6 ON COURSE TO COLLEGE Six ways to reach college savings goals with a 59 plan There are six steps families can take to increase savings, reduce taxes and accumulate more for a child s future. Look
More informationSecured and Unsecured (1)
LOANS The information contained in this document is for informational purposes only. The purpose of documents such as this is to promote general understanding and knowledge of various welfare topics. It
More informationRefund to Savings (R2S):
2012 Refund to Savings (R2S): Insight from the Field Refund to Savings (R2S): Insight from the Field, 2012 Krista Holub Center for Social Development Washington University in St. Louis Michal Grinstein-Weiss
More information2006 BALANCE FINANCIAL FITNESS PROGRAM
2006 BALANCE FINANCIAL FITNESS PROGRAM Tools for Financial Independence Manage money Prepare for future bills Open / maintain checking and savings accounts Use credit wisely Invest money Attend seminars
More informationTARGET DATE COMPASS SM EVALUATE AND SELECT TARGET DATE FUNDS WITH GREATER KNOWLEDGE AND CONFIDENCE SM. Powered by J.P. Morgan Spectrum TM
TARGET DATE COMPASS SM EVALUATE AND SELECT TARGET DATE FUNDS WITH GREATER KNOWLEDGE AND CONFIDENCE SM Powered by J.P. Morgan Spectrum TM AN INSIGHTFUL APPROACH TO TARGET DATE FUND EVALUATION FOR RETIREMENT
More information401(k) Action Steps To Take Now
in order to take charge of your financial life HAVE YOU EVER SWITCHED JOBS? Research shows the average American employee switches jobs 11 times before retiring. 1 Job changes means many Americans have
More informationHow to prepare a budget and stick to it
How to prepare a budget and stick to it Agenda Having control over your money is important, both for your financial well-being and for your peace of mind. In this presentation, you'll learn about preparing
More informationTomorrow s Scholar 529 Plan
Tomorrow s Scholar 529 Plan Investor Guide... connecting to the future Investment options customizable to your needs A flexible and tax-advantaged way to save for college Potential advantages over other
More informationROMAN CATHOLIC ARCHDIOCESE OF BOSTON 401(K) RETIREMENT SAVINGS PLAN
FINANCIAL STATEMENTS DECEMBER 31, 2013 AND 2012 CONTENTS Independent Auditors Report 1-2 Statements of Net Assets Available for Benefits - December 31, 2013 and 2012 3 Statement of Changes in Net Assets
More informationDodd-Frank Chapter X: The Consumer Financial Protection Bureau
Association of Corporate Counsel (ACC) Financial Services Committee Legal Quick Hit Lewis S. Wiener March 23, 2011 Dodd-Frank Chapter X: The Consumer Financial Protection Bureau The Consumer Financial
More informationIn this issue: Dodd-Frank and Beyond Quick Hits
Americas Financial Services Regulatory Center of Excellence February 2012 In this issue: Dodd-Frank and Beyond Quick Hits This newsletter, published by Americas Financial Services Regulatory Center of
More informationReciprocal deposits are deposits that a bank receives through a deposit placement
What Are Reciprocal Deposits and Why Do They Matter? Reciprocal deposits are deposits that a bank receives through a deposit placement network in return for placing a matching amount of deposits at other
More informationFINANCIAL MEND THE GAP I N D IV I D UAL SAV I NG S PERS PECTIVE
H E A LT H W E A LT H CAREER FINANCIAL S EC U R IT Y: MEND THE GAP I N D IV I D UAL SAV I NG S PERS PECTIVE A growing number of employers across the globe are recognizing the importance of financial wellness
More informationGetting Started. Easy as 1-2-3
Getting Started Whether you prefer on-line, in person, or on your own, makes switching your account a breeze. Once we receive your information, we do the rest. Switching to Penn State Federal is the best
More information1. Evaluate the role of choice in decision making. Unit 1, Ch. 1, 2, 3 Unit 2, Ch. 4, 5, 6 Unit 3, Ch. 8, 9 Unit 4, Ch. 10
Missouri STATE STANDARD OR BENCHMARK: CORRELATES WITH: Financial Decision Making Personal Finance Competencies 1. Evaluate the role of choice in decision making. Unit 1, Ch. 1, 2, 3, 6, 9 Unit 4, Ch. 10
More informationmandatory provident fund
mandatory provident fund Principal MPF product brochure Exclusive Distributor IMPORTANT INFORMATION 1. The Principal Guaranteed Fund in Principal MPF Smart Plan (the Smart Plan ) invests solely in a single
More informationFoundational budgeting session
Foundational budgeting session Guidance for conversations on budgeting 2015 Citizens Advice Foundational budgeting trainer notes/sep16/v2 This session pack has been produced as part of Citizens Advice
More information