If your company’s opted not to offer some sort of personal finance education program as an added benefit, here’s one reason you may want to reconsider.
Many workers are so stressed by their financial concerns that it’s hurting their productivity at work.
In fact, 29% of employees said personal finance issues have been a distraction at work, found PricewaterhouseCoopers’ most recent Financial Wellness Survey.
The survey tracked the financial and retirement well-being of 1,610 working adults nationwide making at least $30,000 annually.
In addition, 48% of those surveyed admitted they’ve taken time to handle their personal finances during work hours.
Employees’ top financial concerns:
- Having sufficient emergency savings for unexpected expenses (25%)
- Being able to pay monthly expenses (20%)
- Being able to retire when they want to (18%) — because meeting day-to-day expenses is now more of a concern than funding retirement
- Keeping up with debt (13%), and
- Being laid off from work (11%).