The stats
For 2019, the number of employees stressed about their finances increased across all generations, particularly among Millennials.
71% of Millennials say that their stress level related to financial issues has increased over the last 12 months.
65% of women and 52% of men said that financial matters cause them the most stress.
Financial matters was the top choice for cause of stress across all generations:
Millennials 67% | Gen X 59% | Baby Boomers 43%
45% of employees overall have less than $1,000 save for unexpected expenses.
How does this impact the workplace?
Thirty-five percent of employees report that issues with personal finances have been a distraction at work.
Nearly half (49%) of those who are distracted by their finances at work say that they spend three hours or more at work each week thinking about or dealing with issues related to their personal finances.
Would employees care?
24% say their employer offers services to assist them with personal finances and more than two-thirds (71%) say they've used the services.
44% of employees believe their employer cares about their financial well-being.
Our financial wellness programming was designed to break the cycle that’s costly and disruptive for both employees and employers.
Learn more about What Employees' Financial Unwellness Is Costing Their Companies.