On financial education at the workplace, herd mentality and how to maximise financial impact by leveraging year-round events
90% leaders believe that employers should support employee financial well-being
Hi there,
I'm a big advocate of casually talking about money to destigmatise this taboo.
But you've also got to be careful about taking advice from friends and family. Turns out, a lot of that "advice" can be pretty bad, even if it’s well-intentioned.
Like, 77% of people say the worst advice they've gotten is "buying a home is always better than renting," and 62% hear "YOLO – spend your money and live it up!"
As a result, over half of employees (55%) admit they have actually made financial mistakes because of bad advice.
That's why I can't stress enough how important it is to get impartial financial education, you know, the kind where you can set aside your own values and financial goals, and share on what's best - not to you - but for someone else.
Today, we're covering why financial education in the workplace is A MUST in today’s demographic crisis, how the "herd mentality" can derail your plans, and how to use all-year-long events to create real financial change.
90%
90% of leaders believe that employers should support employee financial well-being (source)
Financial Knowledge
It's not exactly breaking news that we're seeing an aging population globally. In fact, the number of people aged 65+ is projected to 2x by 2050. This trend will affect EVERY SINGLE EMPLOYEE, creating new challenges. Yes, we’re going to live more, therefore work more, invest more and re-evaluate our habits. That's why workplaces can be such a valuable resource: they provide an effective channel to reach a broad audience with key financial education, especially to those who are most vulnerable or under financial stress.
Money Psychology
It’s easy to get caught up in what everyone else is doing with their money. You see a stock trending or hear about a "can't miss" investment opportunity. That's the "herd mentality" kicking in: making decisions based on what others are doing, instead of your own analysis. But before you jump on the bandwagon, remember: just because everyone else is doing it doesn't mean it's the right move for you. Take the time to do your own research and figure out what aligns with your individual goals. Don't let the herd lead you astray!
Financial Confidence
Want to give your HR and wellness teams a real boost in supporting employee financial wellness? Think of the 2025 APAC financial wellness annual calendar as a ready-made toolkit. It helps you focus on specific milestones that impact employees' lives. It's packed with all the key dates: international days, social awareness events, and even important fiscal deadlines, giving you a framework for launching meaningful financial wellness programs. Each month, you'll find opportunities to start conversations about money and truly make a difference in the financial lives of your employees. Download the full APAC calendar here (for free)!
"Money won't create success, the freedom to make it will.”
Nelson Mandela
Self-Reflection Question
In what ways does your company actively address employee financial wellness?
As always, build your financial confidence,
Sophie Hau