31/08/2023
They say Singaporean parents teach their children how to use and manage money as early as 5 or 6 years old. The training starts during the kid's younger years, educating them and training them about financial matters. Moreso as well as during the earning years of their children (adult life), influencing them to have more insurance and build more savings while still earning.
And Singapore economy is okay, with employers and investors expanding, progressing and thriving in providing jobs and opportunities.
So it's not true, that when employees are exposed to financial education, when Financial Literacy is pushed in the workplace, the gesture will negatively affect the business of the employers.
In fact, studies show that a financially educated workforce, creates a more productive and positive environment at work.
When the employee have a sense of financial maturity and personal responsibility, to save, to invest and get insured - they can create a vision of prosperity and abundance and they carry that vision at work, among peers, and in the family, influencing each other on the good financial habits and practices.
Financial Literacy in the workplace is a win-win deal for employees and employers.
Message us for more info on how to start the Financial Literacy Movement in your Workplace.
