EL SEGUNDO, Calif. Employee financial wellness improved in the first quarter of 2013, extending a long-term trend that began in the first quarter of 2010, according to financial wellness program provider Financial Finesse.
The latest quarterly study by Financial Finesse covered Q1 2013. The company said employees’ overall financial wellness score reached 5.2 out of 10, up from 4.9 out of 10 one year ago, as measured by Financial Finesse’s proprietary financial wellness scale.
This general improvement may be related to an increase in proactive behavior, the firm noted, as 75% of questions received by its team of certified financial planners dealt with making financial plans and improving financial behaviors rather than dealing with financial problems or emergencies. Employee utilization of financial education also is increasing, as employees seem to be actively taking control of their finances rather than waiting for a financial problem to occur.
See the print edition of Credit Union Journal for more details on the Financial Finesse Q1 study.
