IPG Media Lab’s Post

Recent Principal research shows an intriguing trend… While access to financial resources has increased, many US consumers report feeling less financially included. The task for the financial services industry - Provide more comprehensive resources and education that resonate with consumers. By enhancing Americans’ understanding of available financial tools, we can make meaningful progress in closing the gap between access and inclusion. Look for the full 2024 Principal Global Financial Inclusion Index in October, and read the highlights from the US consumer cut today: https://lnkd.in/g9gqfZpF

In today's digital age, it's easy to fall into the trap of comparing our financial success to our friends on social media. A recent The Wall Street Journal article highlights how these comparisons can distort our perception of financial health and lead to unnecessary dissatisfaction. 🔹 The Highlight Reel Effect: Social media often showcases the best moments, making others' financial situations appear more prosperous than they truly are. This can make our own accomplishments feel inadequate, even when we're doing well. 🔹 Overspending to Keep Up: According to a survey by Edelman Financial Engines, many people feel pressured to spend beyond their means to "keep up" on platforms like Instagram. This not only harms our financial health but also perpetuates a cycle of unrealistic expectations. 🔹 The Reality Check: It’s crucial to remember that social media rarely provides a full picture. By focusing on personal financial goals and tuning out the noise, we can maintain a healthier perspective on our own financial journeys. Let’s commit to valuing our own progress and achievements, free from the distorted lens of social media. 🌟 #FinancialHealth #MindfulLiving #SocialMediaDetox #PersonalFinance #WSJ

Every generation approaches their finances in a unique way. Being a millennial in today’s economy comes with the glory of convenience and the challenge of managing money responsibly. If you’re a Millennial, we have some financial tips and strategies just for you. Learn more in our new advice article: https://lnkd.in/d9abeMz5

A person’s sense of financial wellbeing arises from many factors, and sometimes significant differences exist between individual perceptions and objective measures. A new report from the TIAA Institute, “New insights into improving financial wellbeing” by Jennifer Coats and TIAA Institute Fellow Vickie Bajtelsmit, identifies key drivers of financial wellness and the behaviors, perceptions, and outcomes that contribute to it. Take a look. https://lnkd.in/gYC-8g5f

Four years have passed since our lives took a crazy turn, and many of us are still navigating through a period of transition. It's becoming increasingly clear that financial disruptions have left a significant mark on professionals across various industries. In my conversations with professionals I’ve started digging into how tough times hit our wallets and financial health. I believe what we will begin to see over the next for years will require a lot more than just budgeting. If you would like to help I created an anonymous survey I would appreciate. https://lnkd.in/gW87a6De #financialhealth #disruption #financialtrauma

Social media allows Gen Z access to financial information, but how can they tell what is reliable information and what's not? Here are things to lookout for:

A person’s sense of financial wellbeing arises from many factors, and sometimes significant differences exist between individual perceptions and objective measures. A new report from the TIAA Institute, “New insights into improving financial wellbeing” by Jennifer Coats and TIAA Institute Fellow Vickie Bajtelsmit, identifies key drivers of financial wellness and the behaviors, perceptions, and outcomes that contribute to it. Take a look. https://lnkd.in/dD6wVUCm

A person’s sense of financial wellbeing arises from many factors, and sometimes significant differences exist between individual perceptions and objective measures. A new report from the TIAA Institute, “New insights into improving financial wellbeing” by Jennifer Coats and TIAA Institute Fellow Vickie Bajtelsmit, identifies key drivers of financial wellness and the behaviors, perceptions, and outcomes that contribute to it. Take a look. https://lnkd.in/eTTD8hmV

A person’s sense of financial wellbeing arises from many factors, and sometimes significant differences exist between individual perceptions and objective measures. A new report from the TIAA Institute, “New insights into improving financial wellbeing” by Jennifer Coats and TIAA Institute Fellow Vickie Bajtelsmit, identifies key drivers of financial wellness and the behaviors, perceptions, and outcomes that contribute to it. Take a look. https://lnkd.in/e5GAQqJE

Financial inclusion, defined as access to and use of financial services, can provide individuals with tools to improve their financial health, or the ability to manage financial obligations and have confidence in their financial future. In the latest BIS Bulletin, Carlos C., Jon Frost, Tirupam Goel and Jermy Prenio shed light on the link between financial inclusion and financial health. Often, the two go hand-in-hand. However, in some cases, issues with the provision of financial services, such as unethical business practices or scams, or a lack of financial literacy and know-how on the part of consumers can undermine financial health. Authorities are addressing this risk by promoting financial consumer protection and enhancing financial literacy. They are also enacting foundational policies that foster safe, trustworthy, inclusive and user-friendly financial services. Read the Bulletin at https://lnkd.in/eDi5q_rt #FinancialInclusion #FinancialHealth #ConsumerProtection #FinancialLiteracy