Long story short: Your employees are stressed about money — here’s how to help

By Alyssa Place, This is my expertise
Published 1 Min Read

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Employees are bringing their financial stress into the workplace — are you prepared to help them manage it?

With so much uncertainty and financial strain impacting Americans, employers can be a safe haven for their employees to learn better financial education. According to a survey from John Hancock, nearly 90% of workers want their employers to provide financial wellness programs, and 66% felt that access to a financial wellness program would make them more likely to stay with their current employer.

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. Associate editor Deanna Cuadra took a closer look at the survey, and explored what employees need when it comes to financial assistance from their employers.

Alyssa Place
Editor-in-chief

Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio


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