Garman, 1999, Financial Counseling and Planning, v. 10 (1)


Garman, E. T.,
Kim, J., Kratzer, C. Y., Brunson, B. H. & Joo, S. (1999). Workplace
Financial Education Improves Personal Financial Wellness. Financial
Counseling and Planning
, 10(1), 79-88.


Workplace Financial
Education
Improves Personal Financial Wellness

E. Thomas Garman,(1)
Jinhee Kim,2 Constance Y. Kratzer,
(3)
Bruce H. Brunson(4)and
So-hyun
Joo
(5)


One of the growing areas in employee
benefits is workplace financial education. This study was conducted at
one of several plants owned by a Southeastern chemical production
company
to investigate the effectiveness of workplace financial education. The
EDSA Group
Ó
offered the education. Differences and similarities between
participants
and nonparticipants in the financial workshops were explored. Most
workshop
participants took positive actions to improve their financial well
being.
This study found strong evidence that workplace financial education is
effective because it resulted in better financial wellness for workers
.

Key Words: Financial education,
Retirement,
Workplace, Financial wellness, Productivity


1. E. Thomas Garman, Author, Researcher and
Advisor; Fellow and
Professor


Emeritus, Virginia Tech, 8044 Rural Retreat Court, Orlando,
FL 32819,


Phone/Fax: 407-363-9048, E-mail: tgarman@bellsouth.net, Web:


www.EThomasGarman.net.

2. Jinhee Kim, Director of Research, National
Institute for Personal Finance Employee Education, Center for
Organizational
and Technological Advancement, Virginia Tech, 101 Wallace Hall,
Blacksburg,
VA 24601. Phone: (540) 231-1896; Fax: (540) 231-3250. E-mail:
jikim5@mail.vt.edu

3. Constance Y. Kratzer, Assistant Professor,
Virginia Tech, 101 Wallace Hall, Blacksburg, VA 24061. Phone:
(540)231-4598;
Fax: (540) 231-3250. Email: kratzer@vt.edu

4. Bruce H. Brunson, Dean of Workforce
Development
and Liberal Arts, Florida Community College Jacksonville, 101 W. State
St. Room A1196 Jacksonville, FL 32202. Phone: (904) 632-3191; Fax:
(904)
633-8105. Email: bbrunson@fccj.org

5. So-hyun Joo, Assistant Professor, Texas
Tech
University, MEDCD Dept., Box 41162, Lubbock, TX 79409. Phone: (806)
742-3050;
Fax: (806) 742-1639. Email:sjoo@hs.ttu.edu


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