How is financial stress impacting employees? 5 things to know

Published 2 Min Read

Pexel

With workers facing another year in a pandemic, inflation rates hitting a 40-year high and gas prices surpassing its 2008 record, it’s fair to assume people are stressed. But what stressors are weighing on employees the most?

John Hancock’s annual Stress, Finances and Wellness report revealed that 71% of those surveyed have experienced stress, depression and loneliness in the past year, with 58% reporting that finances are the cause of their stress. In fact, respondents named economic conditions, retirement savings and credit card debt as their top three worries.

John Hancock found that of those who reported finances as a cause of stress, 87% have major debt, 73% have households that earn less than $50,000 a year and 72% are younger than 36 years old.

Read more: 3 ways to support sandwich-generation caregivers

Deanna Cuadra
Senior Reporter

Deanna Cuadra is a senior reporter at Employee Benefit News. Her work covers healthcare, U.S. policy and reform, challenges faced by women and parents in the workplace and innovation in work culture … Read full bio


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