The Lighthouse Construction Industry Charity’s free App has been upgraded with nudge, the market-leading financial wellbeing platform.
One of the key findings of the recently published report was that 62% of emergency financial grants were to help pay for daily living costs including buying food, paying utility bills, and clearing rent arrears and debt.
Over 50% of our construction workforce are either self-employed, agency workers or on zero-hour contracts, so when things go wrong financially, issues can quickly spiral out of control, the charity said.
With the newly upgraded app, it provides timely prompts (nudges) to take action and the tools look to help users manage their money. The construction charity said that nudge will help people to understand and manage their money more effectively, boost their financial wellbeing and in turn their overall wellbeing.
The new feature offers:
- nudges: When there’s something people need to know or a financial action they ought to take, users are sent a personal, timely nudge to remind them.
- Education: Bite-size personalised content – boosts financial knowledge, skills and confidence.
- Tools: Money management tools help with tasks such as budgeting or saving for goals easier.
The charity’s mission is that “no construction worker or their family is alone in a crisis” and this latest addition to the app certainly responds to the needs of the industry. The free app complements its 24/7 Construction Industry Helpline.
Bill Hill, CEO of the Lighthouse Construction Industry Charity said: “With financial stress at an all time high, it’s vital to address money worries quickly. By making all of our proactive and reactive wellbeing support services free, we hope to remove any barriers to access so that our construction workers get the help they need quickly. By doing this we move one step closer to our mission “that no construction worker or their family is alone in a crisis”.
Tim Perkins of nudge said, “We are delighted to be supporting the Lighthouse Construction Industry Charity with this initiative. Our mission is to create brighter financial futures by providing people with unbiased and personalised support to develop their financial skills and knowledge. We look forward to helping to make a difference to those in need in the construction industry at this particularly difficult time.“
The free Construction Industry Helpline mobile App for Android and iOS is available to download now.
