Proving the business case for financial wellness programs
Proving the business case for financial wellness programs. Financial wellness has been a buzz phrase in the workplace for a few years now – with good reason. More and more data show how bad for productivity the problem of employee financial stress is. In Australia, AMP’s 2020 Financial Wellness Report showed 1.8 million Australian workers […]
Key insights from the FSI report
Key insights from the FSI report. A significant focus of Financial Mindfulness is the tracking and reporting of our Financial Stress Index (FSI), which allows us to benchmark and compare the impact of financial stress on Australians. The FSI has now become a leading financial stress measure in Australia. The FSI is a comprehensive measure […]
Australians rebounding from pandemic
Australians rebounding from pandemic Financial Mindfulness was reported in Money Management on its latest financial stress survey. Australians assessed as “thriving” financially have rebounded after sliding backwards during the first six months of the COVID-19 pandemic, according to Financial Mindfulness. The firm’s Financial Stress Index (FSI) showed that 25.8% of 645 respondents were rated as […]
March 2021 Financial Stress Index (FSI) report
March 2021 Financial Stress Index (FSI) report Number of Australians ‘thriving’ bounces back dramatically as Covid nears end, but worst affected still suffering. Australians assessed as ‘thriving’ financially – a group that slid backwards eduring the first six months of the Covid pandemic – have bounced back and are doing even better than before the health […]
Graduates arrive in their careers with financial stress
Graduates arrive in their careers with financial stress. Graduating from University is an exciting and rewarding experience. The prospect of being in the field of your choice and apply those years of learning is one of hope and excitement, however there are elements of fear. Fear of ‘will I be good enough?’, fear of performing […]
Financial mindfulness
Financial mindfulness. The term mindfulness is used a lot in relation to meditation and psychological therapies to describe being aware and paying attention. But what is financial mindfulness? Financial mindfulness is simply described as having awareness and paying attention to your finances and financial behaviours. It means more than being money smart or financially savvy, as […]
Financial stress is widespread
Financial stress is widespread Money worries are common. They existed before COVID-19 and now with changes in our employment and society, financial stress has become more widespread. The Australian Psychological Society reports that financial stress is one of the major causes of stress in adults, and recently published research on the Financial Stress Index (FSI) […]
Stressed about your finances or your mortgage
Stressed about your finances or your mortgage. Financial Mindfulness was covered in Yahoo Finance If you’re experiencing financial stress, you’re dealing with two distinct issues: the money problems, and then the stress itself. While Headspace has rolled out meditations specifically to help tackle financial stress, a new app has gone one step further to try and […]
Financial stress devastating Australians
Financial stress devastating Australians, close to 1 in 3 Australians suffer from significant financial stress, which has for the first time been comprehensively examined in new research by CoreData. The results show financial stress leads to anti-social behaviour, relationship conflict and breakdown, isolation, sleep loss and symptoms of depression. Most of us are aware of […]