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Fed's Gramlich on workplace financial education

In a speech on 'Workplace Financial Education' given on 20 May, Ed Gramlich of the Federal Reserve said a financially smart worker is often a better worker.

"For the employer, research studies have shown that employees who are financially healthy are more productive. They are absent less often, spend less time at the workplace dealing with financial crises, and earn higher job performance ratings," Gramlich said in his remarks to a meeting of the Financial Literacy and Education Commission at

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