A major cause of employee stress, poor job performance, loss of time, health problems, and low savings participation, is a lack of financial knowledge and understanding. This was the finding of a Sttate Street Global Advisors participation survey.
When it comes to employee financial knowledge, 9% of respondents rated themselves as “extremely knowledgeable, 39% described themselves as “fairly knowledgeable” and 33% chose “somewhat knowledgeable.” Only 16% said they were “slightly knowledgeable” and 3% revealed that they were “not at all knowledgeable” when it came to understanding their personal finances.
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