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 enquiries@evolutionmedia.com.au

Sources
* 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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Authors

Vanessa Stoykov

Vanessa has been passionate about writing and storytelling since her days of hiding under the doona with her torch to read after bedtime.
Kathy Skantzos

Kathy is a yoga-loving world traveller who also happens to moonlight as a business journalist and writer. She was the finance editor of news.com.au and the Managing Editor of CEO Magazine (Asia) before joining Vanessa and the evo squad.
Shayne Sommer

Shayne is second dan black belt in karate, and a budding romance writer with a difference. Why? Because she writes romance stories that always have a money lesson.
Antoinette Colbran

Specialising in stories for 50+ women, Antoinette draws from her own experiences to help other women avoid the pitfalls and see the benefits of understanding their money situation.
Michael Crooks

Michael Crooks is a more than 20 year writer and documentary maker who has worked with Time Inc and the BBC, who wants to expose the truth from real victims of financial crime to help others avoid their mistakes.
Kim Payne

Kim Payne has spent the past three decades as a speaker, trainer, business coach, and consultant in financial services. She has worked with and transformed hundreds of brilliant, educated, high achievers who are chronically under-living.
Rebecca Pritchard

Rebecca Pritchard is on a mission to help men and women achieve equality when growing a family.
Antony Perring

Ant is a writer, designer and business builder with a love of food, design and good living. He writes on food and money in an easy to do way.
Julie Hyde

Julie Hyde is a leader of leaders. A disruptor and a powerful people enabler who empowers leaders to make big things happen.
Joshua Pennell

As a Dad to four kids and a business owner, Josh is passionate about family and finances and is known as The Family Finance Guy.
Sid Lal

Sid is a serial entrepreneur who set up his first business when he was still in University. Since 2009 he has been heading Bruce Clay, first in India & more recently in Australia.
Lou Johnson

Lou Johnson believes in the power of sharing stories to build empathy, understanding and connection. Growing up surrounded by books and storytelling, alongside her drive to make a difference led her to a highly successful career in book publishing.
David Rae

Dave is a CERTIFIED FINANCIAL PLANNER® professional and has been a financial adviser since 2003. He works with a range of clients and has a strong focus on ethical and sustainable investing.
Natallia Smith

Natallia specializes in assisting pre-retiree single women—whether they are never married, widowed, separated, or divorced—understanding deeply the importance of financial stability during life's pivotal moments such as separation, divorce, retirement, and the loss of a loved one.
Mark Hoy

With over 15 years of experience in financial services, Mark established Wollemi Wealth Management in 2013. His business is built almost entirely on referrals and word of mouth — a testament to the trust, integrity, and long-term relationships he forms with his clients.
Derek Gascoigne

Derek Gascoigne is the State Manager for UniSuper Advice in Victoria and Tasmania. Derek has been with UniSuper for over 15 years, and his career in superannuation and financial services spans 27 years and counting.
Annika Bradley

Annika Bradley is Head of Advice Strategy, Research & Technical at UniSuper. She brings over 20 years of experience across investments and wealth management in both the public and private sectors.
Wayne Leggett

Wayne has been a recipient of numerous industry awards and was one of the first to qualify as a Certified Financial Planner (CFP). He has been heavily involved in industry affairs at the highest level, including serving as national president of the Association of Financial Advisers (now FAAA).
Conrad Francis

Conrad Francis is the Founding Director of Inspired Money, a Perth-based financial coaching and financial planning, mortgage broking and money coaching firm he established in 2011.
Andrew Beks

Andrew Beks is a Chartered Accountant and the founder of Simplified Business and Accounting.