Making financial wellness personal to your workforce
The term ‘financial wellness’ doesn’t depend on your general wealth or salary. It’s defined by the act of managing personal financial situations and budgeting within the confines of your own earnings – and doing it in a confident and secure way.
In 2015, the Consumer Financial Protection Bureau (CFPB) published a report focusing on financial wellbeing defined as “a state of being wherein you:
- Have control over day-to-day, month-to-month finances;
- Have the capacity to absorb a financial shock;
- Are on track to meet your financial goals; and
- Have the financial freedom to make the choices that allow you to enjoy life.
Speaking exclusively with Steven Leigh a Senior Consultant at Aon, we found out what he believes are common misconceptions when it comes to devising financial wellness programmes, why the middle-aged demographic get overlooked and how financial wellbeing can be cost-effective. We question, what are the changes that need to be implemented now to ensure real innovation? And how can employers change the way people plan for their futures going forward?


