Employees clamoring for basic workplace financial education
In a recent survey conducted by the Personal Finance Employee Education Foundation with the support of the Employee Benefits News, 91 percent of respondents cited employee financial literacy as being extremely important or important in reducing the vulnerability of the American economy to major economic crises. Given the recession, employers were asked whether they noticed an increase in garnishments - 51 percent said yes; emergency loans - 42 percent said yes; and 34 percent have seen an increase in requests for more time off to handle financial issues.
