2021 Global financial wellbeing research

The emerging global financial wellbeing trends

Technology: What are the risks of entrusting our financial futures into the hands of the tech gods? Lacking credible financial help and with nowhere else to turn, 4 out of 10 people rely on risky, unregulated financial education that can confuse or mislead.

Family: Stop generation after generation repeating the same financial mistakes. Most people (74%) rely on family to learn money management, we’re not using the influence of family for good.

Global human: Overcome constraints by understanding our similarities and coming together in our differences. Through regional, cultural, gender, and income data, coupled with personalized financial education, we can foster inclusion and help the 45% of people who feel anxious about their financial situation.

Future: What will it take to extinguish exclusion for a brighter tomorrow? 1 in 3 are depressed about their financial situation. While employers have a natural role in helping their people make the most of their money, organizations also have an opportunity to support their customers’ long-term financial health and break cycles of financial exclusion for good. Question is, what’s stopping you?

Why read this report?

49% of people feel excluded from the financial ecosystem.

Everyone should have the ability to feel in control of their money and be hopeful about their financial future - but our research has revealed a different reality. In fact, many are being left behind the rest of the world. Not only is it unfair, it causes anxiety, discontent, hopelessness, and that weighs heavy on people’s wellbeing. Our research aims to help organizations grow through enhanced inclusion, a globally aligned benefit experience, and a workforce that's financially well.

nudge co-Founder Tim Perkins shared:

"A key conclusion we can draw from this report is the significant work still required to make the world of finance inclusive. All over the world, financial exclusion remains a curse for many, particularly women, and some ethnicities groups. For organizations who are serious about the diversity and inclusion agenda, financial wellbeing offers an excellent channel for organizations to celebrate difference and transform everyone’s future financial prospects.