A new study from McGraw Hill Federal Credit Union reports that 36% of Americans spend a minimum of two hours handling their personal finances – or just worrying about them. In many cases, the time spent is as much as “half the day.”
McGraw Hill Federal Credit Union President and CEO Shawn Gilfedder says April, when taxes are due, is the perfect time to get employees to deal better with their savings, as well as paying bills or appeasing creditors. Of the more than 1,000 respondents to McGraw Hill’s research, most spend the same amount of time worrying about their finances as they do actually managing them.
