In light of the pandemic, for our second annual financial resilience survey, we take a look at the potential impact of the coronavirus pandemic on the financial resilience of those who serve and protect our nation.
As a credit union, we place a huge importance on improving financial resilience. We recognise the important role our members play within society and the day-to-day challenges they face. As statistics in this report indicate, financial resilience plays an important part in the lives of individuals employed by the Police, Prison, Military, Fire, and Health services.
We hope that this report will be useful to employers of the individuals within our field of membership, as well as to current and future members of the Serve and Protect Family. It is intended to provide insights into what it means to be financial resilience, and to illuminate the very real and detrimental effects that a lack of financial resilience can have on individuals and workforces alike.
Ultimately, the report can provide suggestions to organisations on how to better support their employees. From budgeting services, to financial webinars, there are various actions an organisation can take to help build the financial resilience of its employees throughout their career, with some highlighted in this report.