As global economic uncertainty escalates, redundancy threat remains a cause of stress for many. This is compounded by high levels of consumer debt – data shows many lack adequate savings to buffer against unexpected job loss. Alongside, shifts in UK demographics and spending habits mean retirement is increasingly unaffordable and too few people feel they possess the acumen to confidently plan their financial futures. Employers can do a lot more to help educate colleagues on financial wellbeing and security.
In this episode of the Future of Internal Communication podcast, Dom, Jen and Cat chat with Peter Komolafe, author of the book The Money Basics. They explore the importance of financial wellbeing and its links to engagement and performance. Sharing his personal experiences with debt, Peter now helps people improve their attitudes and habits to achieve better financial resilience.