Financial Wellness

Financial Wellness is a state of well-being where an individual has achieved minimal financial stress, established a strong financial foundation, and created an ongoing plan to help reach future financial goals.

Seven out of 10 American workers say finances are their most common cause of stress. Financial pressures can impact productivity, engagement, absence rates, retention and even employee health. Financial wellness often falls under a typical fear/avoidance/stress cycle. People generally avoid managing financial wellness because it is fraught with personal taboos, takes time and effort, and people often lack confidence in their financial literacy.

Common concerns:
  1. Emergency savings for unexpected expenses
  2. Retirement confidence
  3. Meeting household expenses (cash flow, budgeting and debt management)
Financial stress impacts work:
  • Twenty percent of employees report that issues with personal finances have been a distraction at work.
  • Thirty-seven percent say that at work each week, they spend three hours or more thinking about or dealing with issues related to their personal finances.
  • Seventy percent of HR professionals indicated that personal financial challenges have a large or some impact on their employees’ performance, mostly citing stress and distractibility as the main factors

UC Davis Financial Resources:


Schedule a free financial education workshop or series for your staff:

UC provides free financial and retirement education to all employees. Fidelity Retirement Planner, Rand Erickson, is dedicated to UC Davis and is responsible for the financial and retirement education of staff and faculty. Rand provides classes that can help you get the most from your UC Retirement System including the 403(b), 457(b) and DCP Plans. He also provides classes on creating a budget and eliminating debt, investing basics, college savings, estate planning, and social security. View a list of available classes here. To schedule a class or series of classes for your group, contact Rand at rand.erickson@fmr.com

Financial Literacy Resources:

Action for yourself:


Resources: