The new research re-validates the Personal Financial Wellness Scaleâ¢. The scale, which measures financial well-being determined that the number of those most at risk remains substantial at 32% although only up slightly from 30% previously. However, for those who were just getting by, the numbers increased 16 percentage points from 28% in 2004 to 44% in 2012. In contrast, those Americans with little financial stress decreased by 18 percentage points from 42% in the previous survey to 24% in the recent one.
This research is an example of the commitment of the Personal Finance Employee Education Foundation⢠to offering quality tools and resources for the advancement of financial wellness in the workplace. It was developed by a team of national scholars over a period of several years culminating in its validation in 2004.
Completing the easy to use 8 question Personal Financial Wellness Scaleâ¢, enables people to determine how they feel about their current financial situation, and whether it needs improvement.  The PFW Scaleâ¢Â is a simple yet reliable instrument that the Personal Finance Employee Education Foundation⢠offers to employers, financial education providers, financial advisors, counselors,  and researchers to gauge financial wellness and its impact on worker productivity. Addressing employee financial wellness has shown results that include improvement in workplace productivity, employee morale, and company loyalty while reducing absenteeism, turnover, and workplace distractions across the company. These factors also contribute to the employer’s bottom line. The Personal Finance Employee Education Foundation⢠can also provide customized research that shows how these concerns impact an individual organization. Finally, the foundation has the capability to examine other factors, such as contributions to a 401(k) plan. The foundation is available to work with your organization. The mission of the Personal Finance Employee Education Foundation⢠is to promote and facilitate financial education in the workplace. You may contact them at their website, www.pfeef.org