A new report from the Corporation for Enterprise Development (CFED) explains that too often workplace financial services and financial wellness programs do not serve the real needs of young workers.
“Beyond the Next Paycheck: Creating Opportunities for Young Workers to Thrive” http://cfed.org identifies common financial concerns of young workers and how financial wellness programs could better meet their needs.
Young workers like millennials often are more concerned with short-term issues like making ends meet, but programs at work often focus on long-term issues like saving for retirement. Addressing foundational issues like budgeting, managing debt and saving for emergencies addresses immediate needs and positions them for long-term financial strength.
FISC provides low-cost and free financial education through scheduled workshops and lunch and learn programs at businesses. People also can meet one-on-one with a FISC financial coach.