Blake Allison, CEO & President of FELA (Financial Education & Literacy Advisers) highlights, ‘employees are wanting to understand, interpret and bespoke their employee benefit choices more readily – a richer two way connection is being formed.
DISB will focus on providing District residents with tools to improve their financial fitness throughout month of April. DISB, the District’s financial services regulator, will offer free personal financial resources and education throughout the month to improve the financial fitness of District residents.
Many employee financial wellness programs focus solely on retirement, but this may be the wrong approach for Millennials, said Blake Allison, CEO of Financial Education & Literacy Advisers, a Washington, D.C.-based company that offers Web-based financial education solutions to companies.
Dealing with finances can be complicated, which is why Bank on DC is an innovative program that promotes financial literacy. To achieve this goal we embrace and encourage our partners and sponsors, they assist us with communication and provide us with resources for learning.
“…We believe a critical step that is often missing from financial education efforts is to first raise awareness among individuals of their financial health and their relative position in key areas of their well-being. People simply don’t know what they don’t know, so it is impossible to address the problems if they are not adequately diagnosed.”