Improving employee productivity is constantly top of mindwith employers.

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However, finding the right tools and resources to do so is notalways easy.

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While employers may cite several reasons their employees are notreaching their full potential, there is one silent distractionplaguing the American workplace that many employers may notrecognize is the root of some serious productivity issues.

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According to a report by the Personal Finance EmployeeEducation Foundation, one in four workers suffer from seriousfinancial distress as a result of personalfinances.

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Of those 30 million workers, 30 to 80 percent of them spend timeat work worrying about their stressful personal financialsituations and dealing with financial issues instead ofworking.

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In addition to serving as a distraction from work, the Center for Financial Services Innovation foundthat financial anxieties can also lead to absenteeism, health careclaims, employee turnover and more.

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With such a high rate of impact and an extensive list ofnegative effects, it is more important than ever that employersfind affective ways to combat this problem.

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Considering the implications of this wide-reaching issue, manyemployers are beginning to integrate financial literacy educationprograms into the workplace.

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While the topics of these financial educational programs canvary, many employers have started to provide family-focusedones.

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Today’s workers require a different kind of financial literacyeducation, particularly, one that can benefit their entire familyby providing employees with guidance on how to educate theirchildren and grandchildren on money matters.

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Family-focused financial literacy education programs are notonly beneficial and stress-alleviating for parents and grandparentsalike, they are also necessary as we move into a pivotal period offinancial change.

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An enormous transfer of wealth is taking place now, with theBaby Boomer generation transferring $41 trillion in assets to theirGen X and Millennial children, according to research from the Boston College Social WelfareResearch Institute.

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Parents and grandparents need to ensure their heirs arewell-prepared to handle these assets responsibly. By instillingsound financial literacy lessons in their children andgrandchildren, their heirs will be more likely to maturely manage alarge lump sum of money.

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By offering a financial education program in the workplace thathelps employees raise financially responsible children andgrandchildren, employers can give their employees – and theirfamilies – easier ways to talk and learn about money.

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By sharing age-appropriate financial literacy lessons andsuggesting topics to cover with their family members, these typesof workshops provide easy to implement lessons into their everydayfamily life.

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From the grocery store to piggy banks, there are several wayschildren can learn important financial lessons from their parentsand grandparents.

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While there are many ways to provide financial literacyeducation in the workplace, it is most important that employersprovide meaningful knowledge that will have a long-lasting impacton employees.

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This education can be as simple as a work-sponsored after-hoursevent. To maximize impact, employers should ensure the education isprovided by a qualified financial consultant with knowledge of thetopic.

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Employers should also consider hosting this workshop on anannual basis to further enhance benefits.

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With the introduction of financial literacy education into theworkplace, employees suffering from serious financial distress willbe provided the necessary tools to alleviate their stresses anddiminish their worries.

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While this education alone may not be enough to completely ridthem of their financial hardships, it can serve as a launching padfor fiscal improvement, as well as a resource to improve employeeproductivity.

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Please note: The information being provided is strictly as acourtesy. When you link to any of these web-sites provided here,you are leaving this site. Our company makes no representation asto the completeness or accuracy of information provided at thesesites. Nor is the company liable for any direct or indirecttechnical or system issues or any consequences arising out of youraccess to or your use of third-party technologies, sites,information and programs made available through this site.

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Registered Representative/Securities and Investment AdvisoryServices offered through Signator Investors, Inc. Member FINRA,SIPC, and Registered Investment Advisor. Legacy Consultants Groupis independent of Signator. 8515 Cedar Place Drive Suite 108Indianapolis, IN 46240 134-20171030-409989

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Kyle Sanders is the owner and lead financialconsultant of Legacy Consultants Group.

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