Last year was plagued by constant market volatility, leaving many consumers unsure about how to navigate their investment strategies to withstand highs and lows. This economic turbulence evolved against the backdrop of a continued tightness in many labor markets, amplified by an ongoing cadence of layoffs at juggernauts like Microsoft, Google and Amazon.
Broader economic uncertainty can cause significant anxiety around financial security. More than half of employees (54%) in a survey recently conducted by Betterment at Work said this anxiety makes it difficult for them to focus at work. While advisers can’t necessarily absolve employees of stress, they do have the opportunity to encourage employers to give their teams the tools they need to help alleviate financial anxiety and improve their mental health, both at work and in their everyday lives.
