ABSTRACT
To survive and thrive employees all need a certain amount of money to fund both the basics – food, shelter, energy, clothes and transport – and the extras that make life interesting and varied – entertainment, experiences and possessions. Most people need to sell their resources – time, energy, knowledge, skills and contacts – to generate the money to meet their basic and extra needs. Financial well-being has been defined as a state of being wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow enjoyment of life. Those who feel more empowered and in control of their finances experience much better emotional well-being and much less stress and anxiety. Across all income levels, people who believe they create their own financial destiny experience, on average, more positive emotions with respect to money, than those who believe they have less power.
