Couple Sitting in the background with financial stress quote
February 2, 2023

Financial Wellbeing Programs

Author: Lou Johnson
Category: Financial Freedom

Feeling unsettled about your finances right now?

You’re not alone.

Financial stress amongst Australians has almost doubled over the last two years

Just as we thought we were emerging from Covid we were hit by skyrocketing cost of living, rising interest rates, reduced property prices and a world that feels challenging and unpredictable.

AMP’s latest financial wellness report has some sobering takeaways about how financial stress is affecting financial wellness, psychological and employee wellbeing and impacting employee performance.

  • 953k employees are severely financially distressed*
  • 2.01m employees are moderately financially distressed*
  • 21% of employees are distracted at work due to financial stress. This has almost doubled in two years.

Finding ways to mitigate this impact on employees’ wellbeing is crucial, and business critical

with financial stress affecting employee productivity at a cost to the Australian economy of over $66.8 billion a year – sharply rising at double the result in 2020*

The good news is that statistics show that financial wellness programs can make a big difference.

  • 80% of employees reported improved mental health after participating in a financial wellness program*
  • 82% of employees reported an improvement in performance*
  • Storytelling increases information retention to over 65%*

According to AMP’s wellness report, “financial education and financial products and services that are easily accessible, tailored and engaging can help Australians out of their ‘hot-state’ mentality and give them the skills, attitudes and services they need to ease the pressure.”

That’s exactly what we do at evolution media group, so we are delighted to have launched our Financial Wellbeing Programs; facilitated by our CEO, money expert Vanessa Stoykov.

If you are thinking of exploring financial wellbeing for your organisation contact us at

* AMP’s 2022 Financial Wellness Report
* AMP’s 2022 Financial Wellness Report
* AMP’s 2022 Financial Wellness Report
* CBA’s Improving the Financial Wellbeing of Australians, 2019
* AMP’s 2022 Financial Wellness Report
* SmartDollar
* Xerox
* The London School of Business

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Each day I wake up excited to inspire everyday people to open up and take control of their money, regardless of their history, goals, or savings amount. About Vanessa >>


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