More companies are embracing comprehensive financial wellness programs instead of basic financial education because of the bottom line benefits these plans offer.
It has been proven that financial stress has a negative impact on an employee's health. Stressed out employees are more prone to health risks and higher health care costs, said Linda Robertson, a senior resident financial planner at Financial Finesse.
Financial Finesse has studied the effects of financial wellness programs for 13 years. In its most recent study, the company compiled data from 3,576 workshops it conducted with clients between Jan. 1, 2007, and Dec. 31, 2012.
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