Employers are offering creative perks to attract and retain today’s workers.
Plus all the HR resources you need to be more efficient and effective this fall!
SHRM Seminars will host HR education every month in San Francisco this fall! Select the program that meets both your scheduling and development needs.
September 27 - 28.
At a time when Americans are seeking financial security, their financial literacy remains sorely lacking, according to the
Financial Matters survey commissioned by Northwestern Mutual, an insurance and financial services firm. The survey of 1,664 Americans ages 25 to 65, conducted June 1-9, 2010, reveals that more than two-thirds of respondents (69 percent) would not pass a quiz about financial products and concepts.
Take Northwestern Mutual's 14-question
online financial quiz, developed in conjunction with the
Financial Matters survey.
(Spoiler alert: some answers are given below.)
The good news is that people seem eager to learn more. When asked to rank the importance of understanding their personal finances, nearly eight in 10 respondents (79 percent) gave it a 7 or above on a scale of 1 (“what I don’t know won’t hurt me”) to 10 (“I feel the need to know all I can about my financial situation”).
“Financial knowledge is key to achieving financial security and understanding what impacts one’s personal finances,” said Dave Simbro, Northwestern Mutual vice president for life products. “We know from this study that most Americans want to be financially self-sufficient, and are focused on preserving their lifestyles and protecting against uncertainty. This desire makes improving financial literacy especially relevant, and we believe the first step is an honest assessment of personal finance proficiency.”
Among the key findings from the survey:
Stephen Milleris an online editor/manager for SHRM.
SHRM Online Benefits Discipline
• Sign up for SHRM’s free
Compensation & Benefits e-newsletter
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
HR Education in a City Near You
SHRM’s HR Vendor Directory contains over 3,200 companies