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Understanding the impact of employer-provided financial education on workplace satisfaction

Authors

  • Tahira K. Hira,

  • Cäzilia Loibl


  • Tahira K. Hira is a professor at Iowa State University, Ames, IA (tkhira@iastate.edu). Cäzilia Loibl is a consumer and family economics specialist at University of Missouri, Ironton, MO (loiblc@missouri.edu).

Abstract

The present study examines the linkage between workplace financial education and workplace satisfaction. Data gathered from a national sample of employees of an insurance company favor the hypothesis that employees who participate in workplace financial education more fully understand personal finances and recognize how financial literacy impacts their future financial expectations. In addition, employees who gain considerable literacy in financial matters and confidence in their future financial situation are also more likely to be satisfied with and supportive of their company. Implications of these results for nonwork settings and for consumers in general have also been developed.

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