The F Word: Finding calm amidst a Financial crisis – Sophie Lodge

Did you know that the Social Metrics Commission found the current rate of poverty in the UK to be higher than at any other point in the 21st Century? A staggering 24% (nearly one in four) people in the UK are now judged to be in poverty.

That statistic means the impact of the financial crisis is likely to be closer to home than you may originally have thought. And with personal finances being an uncomfortable subject to talk about, the consequences can be significant. Distraction, anxiety and depression are all too common when people have money-worries.

So like anything, start with asking your employees what will help them. That's just one tip from Sophie Lodge of Eight Wealth Management who joins me to discuss a practical approach to financial wellbeing.

It's easy to fall into the trap of having the ideal 'support' mapped out, guessing what provision will be most impactful. But that approach can miss the mark. Sophie encourages us to think differently. Here she shares advice about how to reduce the stigma that surrounds money-talk and increase help that makes a real difference.

Listen or watch, and plan how you're going to ease a potentially stressful time for your workforce.