Life & Money Matters is a 501(c)3 not-for-profit organization, which exists to educate, instruct and coach individuals to financial wellness and financial literacy.
WHY ARE SERVICES OF L&MM SO IMPORTANT?
85% of marriages fail from financial issues {Crown Financial Ministries}
76% of Americans are living paycheck to paycheck {www.money.cnn.com}
Only 38% of families have an emergency fund*
Average family has over $15,000 in credit card debt {www.mint.com}
Number one worry amongst seniors is “out-living” their money*
Average amount saved for retirement by 50 yr. old is $43,797*
WHY IS FINANCIAL WELLNESS SO CRITICAL?
Employees asking HR for financial help**
Wage garnishments by debt collectors**
Employees asking for pay advances*
Employees spend on avg. of 22.5 min/day focused on finances, cost employers $1,558/yr. {Admin. Asst. $31,900/year}**
*SOURCE: WWW.STATISTICBRAIN.COM
**SOURCE: WWW.PAYSCALE.COM & THE PERSONAL FINANCE EMPLOYEE EDUCATION FOUNDATION, INC.
