Money on the Mind: Financial Wellness and Its Impacts on Individuals, Business, and Society

The Conference Board of Canada, 44 pages, November 1, 2017
Briefing by
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This briefing explores the connections among financial literacy, financial behaviour, and financial wellness and, in turn, the effects of financial wellness. It examines the impact of different demographic and socio-economic characteristics—including, age, gender, geography, and income—on financial literacy, behaviour, and wellness.

Register for the Money on the Mind: A Profile of Financial Wellness Programming in Canadian Organizations Webinar on December 7, 2017 at 2:00pm ET.

Document Highlights

Financial wellness is a growing concern for Canadian organizations. When employees experience stress about their financial affairs, they may become less engaged and productive, making it harder for organizations to reach their goals. Some employers offer programs to help employees address their financial wellness. These programs may ultimately reduce absenteeism and turnover, and increase employee satisfaction and engagement. However, to design effective financial wellness programs and measure their impact, organizations need to understand exactly what affects financial wellness and how to direct efforts to those areas. This briefing provides a snapshot of the financial behaviours of Canadians and explores the connections among financial literacy, financial behaviour, and financial wellness. It examines the impact of different demographic and socio-economic characteristics—including, age, gender, geography, and income—on financial literacy, behaviour, and wellness. It also introduces the connection between financial wellness and mental and physical health.

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