Employee Financial Wellness Is In Critical Condition
Finances are the top cause of employee stress, even above job, health and relationship stress COMBINED.
Curent Statistics
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86% of employees say finances are a top source of stress for them now and in the future.
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200% more employees have used a payday loan or payday advance in the past year
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250% more employees have taken a loan or distribution from retirement accounts
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55% more employees are carrying credit card balances
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72% of employees say that the safety and protection of themselves and their family is more important now than ever before
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60% of employees are interested in their employer providing a wider mix of non-medical benefits
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51% of employees say that employers should play a greater role in the protection of employees
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39% of employees say their employer is not currently offering effective benefits to improve their well-being
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63% of employees say that their financial stress has dramatically increased since the start of the pandemic
Stressed and unhappy employees are:​
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55% less productive at work
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75% less focused at work
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72% more likely to quit and go to a company that cares more about financial wellbeing
Add Financial Wellness To Your Benefits Portfolio
Most recent reports on employee wellness: