Employers can give their employees the gift of free financial literacy education this Holiday Season
Toronto ON, Nov. 8, 2011 – Not all learning and development has to cost employers money, but in most cases it’s not free. According to a recent report from The Conference Board of Canada spending by companies has dropped 13 per cent since 2008. The report listed that “in 2010, Canadian organizations spent on average just under $690 per employee on Learning & Development.”[1]

The Task Force on Financial Literacy highlighted the need for employers to provide employees with the means to learn better money management skills. Employers can give their employees the gift of financial literacy education and no one has to spend a cent.

“With the debt-to-income ratio hovering at 150 per cent Canadians need to learn how to live within their means to reduce the stress associated with these high debt levels,” says Jeffrey Schwartz, executive director, Consolidated Credit Counseling Services of Canada, Inc. “To accomplish this Canadians must have access to free education that helps them develop responsible spending habits and focus on saving for their future.”

There are excellent resources on financial...