On overall financial wellness scales, the respondents were not satisfied with their financial situation. Personal financial wellness was influenced by some of the demographic characteristics and financial stressors. The lower of personal financial wellness were related to the financial stress level. Personal financial wellness affects worker job productivity. Based on the empirical research of clerical workers, the relationship between financial behavior and absenteeism and the relationship between financial behavior and work time used for personal financial matters were identified.
Findings demonstrate that personal financial wellness and worker productivity are related.
The relationship between personal financial wellness and productivity suggests that the potential effects of workplace financial education are positive for workers and employers. Some workers are not financially well because they have financial problems. If employers can improve personal financial wellness of workers, such as through financial education, it may increase productivity, because personal financial wellness is related to worker productivity. Dept. of Merchandising, Environmental Design, and Consumer Economics. BOX 41162 Texas Tech University, and Research Fellow, National Institute for Personal Finance Employee Education, Virginia Tech.