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What We're Following Today October 11, 2019

Financial Literacy Lagging - Even More Evidence


We’ve posted a number of articles talking about financial literacy over the last few months and they all point out that we are less financially “aware” than we have been in the past. This article in the Investment Executive, reports on a U.S. Financial Industry Regulatory Authority (FINRA) study that mentions more of the same trends.

They surveyed 15,000 individuals and discovered some interesting things including, “For instance, only 32% of workplace-only investors could answer questions about basic financial concepts (numeracy, inflation and diversification) correctly, compared to 44% of more-active investors.”


If we think about this and many of the other findings in here, it suggests a couple of things to me, 1) maybe our system is starting to get too complex? 2) we have a need to get more informed about the choices we make? 3) It’s great that we opt into programs at work, but we need lay terms explanations of these programs.

What are your thoughts?


https://www.investmentexecutive.com/news/from-the-regulators/financial-literacy-lagging-finra-finds


Working in a Gig Environment? Here are 4 Tips


Forbes Contributor Abdullahi Muhammed recommended 4 ideas for people working on a contractor basis to advocate for their health AND take care of themselves. Working in a gig environment can be under timeline and satisfaction stresses that guaranteed employees may have “some” more security.


While some of this looks fairly basic, it is helpful to remember that you as a gig contractor still have to take care of yourself and know your potential rights when entering into a gig.


https://www.forbes.com/sites/abdullahimuhammed/2019/10/10/4-essential-health-and-personal-wellness-tips-for-gig-workers/#4553ecce338c


Today is World Obesity Day - Some Stats On Its Impact


Statista put out some stats on obesity and it’s impact on health care costs and what countries are dealing with it more than others. As much as 70% of healthcare costs associated with diabetes is attributable to obesity...cardiovascular and cancer also show “positive” relationships.


According to this stay, in the US we will be paying roughly $644.80 per person annually from 2020-2050. While that doesn’t sound like much at first glance, remember that is a per capita number - for every person in the US. That’s roughly 327 million people according to an estimated


https://www.statista.com/chart/19621/annual-health-expenditure-per-capita-due-to-obesity/

Foods to Help Battle Depression

Thanks RoseAnne Homola for sharing this article with me. Not that anyone would care, but RoseAnne and I are about to enter into an accountability partnership for the coming weeks to get on a path towards a healthier lifestyle and healthier life.

As we continue to review materials out there, we see the importance of having a healthier lifestyle in our physical and emotional well being. This article reinforces that, and while it does state that a healthy diet is not the silver bullet to correct our psychological issues, it does note that it is likely a large part of a comprehensive treatment program.

https://www.npr.org/sections/thesalt/2019/10/09/768665411/changing-your-diet-can-help-tamp-down-depression-boost-mood