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Financial stress in the workplace: How it's crushing employee productivity and what employers can do about it
Financial stress affects 85% of U.S. workers, reducing productivity and well-being, prompting employers to adopt financial wellness programs and education to support employees.
- A 2024 survey found financial stress reduces productivity and harms health in U.S. workplaces, with 85% of employees stressed about finances, Wysa's analysis and Morgan Stanley data show.
- Inflation has outpaced wages by early 2024, Bureau of Labor Statistics data shows, while an American Staffing Association early 2024 poll found 53% felt wages didn’t keep up with inflation amid debt and unexpected expenses.
- Employers can offer on-demand financial coaching, student loan help, emergency savings access, and Employee Assistance Programs financial counseling, while the 2025 SHRM Employee Benefits Survey of over 4,000 HR professionals found retirement planning and health benefits top employee wants.
- PwC advises employers and HR professionals to implement services addressing employees' money issues, as financial stress threatens mental health, productivity, turnover, and business performance.
- Preparing for stagflation entails, as PwC reported 47% of employees earning over $100,000 do not feel financially secure.
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35 Articles
35 Articles
WFTV 9 abc+34 Reposted by 34 other sources
Financial stress in the workplace: How it's crushing employee productivity and what employers can do about it
Wysa reports financial stress is harming workplace productivity, affecting employee mental health across demographics. Employers should implement support programs.
Coverage Details
Total News Sources35
Leaning Left1Leaning Right1Center29Last UpdatedBias Distribution94% Center
Bias Distribution
- 94% of the sources are Center
94% Center
C 94%
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