New website designed to increase awareness and wellness
April is Financial Literacy Month, a time devoted to making sure we understand our financial picture and to learning more if we need help. Delaware State Treasurer Colleen Davis remains dedicated to the financial stability of Delaware and its residents.
“Effective money management is essential in today’s world as proven time and time again over the past two years,” said Treasurer Davis. “Financial Literacy Month provides the opportunity to ensure we all have the information needed to face financial issues that come our way.”
According to a recent Bankrate survey, only 4 out of every 10 Americans can cover a surprise expense exceeding $1,000. It is concerning that Americans do not have resources saved in preparation for an expense.
In order to address similar issues, Treasurer Davis created a Financial Literacy Month webpage to provide information on several topics.
“Saving for unplanned expenses is just one example of helpful information included on our webpage,” Davis said. “All of the subjects and materials support the priorities of our office; bolstering retirement security and readiness, creating pathways to economic empowerment, and promoting a culture of financial excellence.”
A person’s financial situation doesn’t just affect his or her homelife. Employers often deal with the stress that accompanies their workers feel. According to PwC’s 2021 annual Employee Financial Wellness Survey, financial or money challenges accounts for 63% of the stress their employees face every day.
“Educating people on money matters is crucial across the board,” Davis said. “I’m proud and honored to help Delawareans learn and prosper.”