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The EDSA Group Gets Results
According to a study conducted by Virginia Tech, The EDSA Group's financial education materials get RESULTS! This study was conducted to obtain insights into participation in workplace financial education. Participants were employees of a Southeastern chemical manufacturer who has sponsored EDSA's financial education programs since 1993.
After attending EDSA’s financial education programs, the participants reported the following behavior changes:
45% increased the contribution amount to the 401(k) plan;
34% started contributing to the 401(k) plan; and
70% changed their investment strategy to become more diversified in their portfolio.
In comparison to the employees who did not attend a workshop, the participants reported:
greater than average financial wellness and better health;
less likely to have experienced financially stressful events during the past year;
less likely to have reached the maximum limit on a credit card;
less likely to worry about the amount of money they owed; and
less likely to worry about being able to pay monthly living expenses.
Participants reported making better financial decisions, starting or increasing contributions to company benefit plans, and more financial confidence as a result of attending EDSA's programs! Additionally, the study found a direct correlation between financial wellness and health wellness.
These results reinforce the need for, and the benefits of, employee financial education. In particular, this study shows the positive results of EDSA's programs.
Please contact us via e-mail or by calling (888) 760-3372 to learn more about this exciting study!
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