According to a recent study, 72% of households do not have a financial plan. More than 22% reported taking a loan from their retirement account, 26% have overdrawn their checking account and 29% were late on mortgage payments. 56% of households reported spending equal to or more than their income. Now more than ever, financial wellness education is needed.
On Oct. 18, 2023, Dave Herlihy, Senior Vice President of Wealth Management at Slavic401k, presented a webinar discussing tips, tricks and best practices to ensure you’re on the path to financial success.
Download the slide deck and watch the webinar recording above.
Mastering Your Financial Wellness Webinar: Key Takeaways
David Herlihy, SVP, Wealth Management
The average American has five times more credit card debt than emergency savings.
Over 60% of U.S. adults were never offered financial education.
Key components of financial literacy:
- Basic money management (budgeting)
- Financial planning
- Use of financial products to supplement savings
- Creating financial security
For more in-depth information on the topics above, as well as real-life examples, watch the webinar recording above.