Why is financial wellness important?
Financial wellness is critical for all people because it can help lower your stress levels. Stress related to money can affect every aspect of your life. Your personal and professional productivity could potentially suffer due to financial worry. In fact, this is one of the key reasons that so many employers offer financial wellness programs. Employers are well aware of how stress reduces productivity, and recognize that helping their employees learn about financial wellness can help strengthen the business’s bottom line.
Financial wellness can help you in the long run. If you’re focused on financial wellness, you’re also working on your long-term goals, and as a result, you are likely to enjoy both your present and your future more.
McMaster Financial Health & Well-being Resources
McMaster Brighter World Financial Well-being Articles
Study shows food bank users are the poorest of the poor in Hamilton
A four-year study examining local food bank users has found these Hamilton residents are struggling significantly more than most low-income residents. Researchers from McMaster University, . . .
COVID-19 has been much harder on those who already had anxiety and financial issues
Alex Bierman, University of Calgary; Laura Upenieks, Baylor University; Paul Glavin, McMaster University, and Scott Schieman, University of Toronto The COVID-19 pandemic has resulted in . . .
Cash and the coronavirus: COVID-19 is changing our relationship with money
The coronavirus pandemic has prompted retailers to ask customers to wear masks, maintain physical distancing and avoid the use of cash when possible. Despite scientific . . .