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The link between financial health and mental health
On April 19, under the Aries sun, I published my first book on financial wellness. The book is entitled, Financial Wellness in the Workplace, and it is an introductory look at the impact of financial health on the mental health of employees.
In my book, my thesis is that corporations should provide financial wellness benefits so that employees can reduce financial stress and experience a higher quality of life. Financial wellness, especially when offered as a holistic program in the workplace, can help employees find balance and control over their finances throughout their lifetime.
The impact of financial stress
Financial stress, regardless of income level, is a common experience for employees. Although a company may compensate its employees well, the rising cost of living combined with stagnant wages and salaries is placing a crushing burden on families.
Organizations are beginning to offer financial wellness benefits to address financial health challenges. These resources are meant to help employees make informed, financially healthy choices as they plan for purchasing a home, prepare for…