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In addition to impacting workers' compensation, wages can have a big impact on a person's ability to accrue insurable assets and experiences, whether that be a home, automobile or trip into space.

Additionally, financial anxiety is a common cause of stress across several demographics, but families with dependent children is a group where it is felt most keenly, according to a recent study from the FINRA Investor Education Foundation and Global Financial Literacy Excellence Center.

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Richard Binder

Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.