Financial Wellness Index coming soon
A financial wellness index is set to be launched that will measure how financial stress impacts employees wellbeing, according to Workplace Super Specialists Australia (WSSA).
WSSA chief executive, Douglas Latto, said employees lived their financial problems day-to-day at work and that could now be quantified.
"There are mortgages to be paid, credit card debts, kids to put through school, and the need to save for the future. This can create significant financial stress which can affect both attendance at work and commitment to a job," he said.
That was why financial education at work was most valuable, Latto said.
Differences could be made at work and thousands of lives could be improved, which would result in a happier, more productive workforce, he said.
The index was due to be launched on 26 August.
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