1. PricewaterhouseCoopers reports that 49% of American workers are having problems paying their current expenses. Moreover, in 2011 an increasing number of people used credit cards to afford their monthly expenditures. The report indicates that workers are more worried about day-to-day costs than about saving for retirement; 35% of them are not saving at all, and 46% of employees indicate they are going to delay retirement.
2. Additionally, “… financial distractions and resulting levels of stress may cause a loss of productivity and have an impact on employee health,” said Kent Allison, Partner in PWC’s Financial Education Practice. Almost half of those surveyed reported managing their personal finances during work hours.

3.   Another study found nearly 80 percent of financially distressed employees spend time at work dealing with financial issues.

4.    From the studies conducted by Holmes and Rahe, and also other studies that have been conducted from time to time, it seems that following are the biggest causes of present day stress levels in modern societies: #1 Financial Problems – This is the number one source of stress these days. You and your family are not be able to do what you want to due to lack of money. Debts are piling up. Credit Card payments, pending mortgage installments, rising costs of education, mounting expenditure on health concerns. Financial matters top the list of stressors.

5.   London, Oct 5 : Stress has become the most common cause of long-term sick leave in Britain, a new survey has revealed.
Experts say that the psychological condition has become so widespread that it is now the ‘21st century equivalent of the Black Death’.
Stress has even eclipsed stroke, heart attack, cancer and back problems, according to the report from the Chartered Institute of Personnel and Development.

6.    GuideSpark says companies that implement financial wellness initiatives can expect a return on investment of more than 3-to-1.

http://www.benefitspro.com/2009/11/11/worker-financial-issues-impact-company-performance

http://www.frbsf.org/publications/community/review/vol5_issue3/choi.pdf

http://www.topnews.in/healthcare/content/22498workplace-stress-dubbed-black-death-21st-century

PricewaterhouseCoopers reports that 49% of American workers are having problems paying their current expenses. Moreover, in 2011 an increasing number of people used credit cards to afford their monthly expenditures. The report indicates that workers are more worried about day-to-day costs than about saving for retirement; 35% of them are not saving at all, and 46% of employees indicate they are going to delay retirement.

Additionally, “… financial distractions and resulting levels of stress may cause a loss of productivity and have an impact on employee health,” said Kent Allison, Partner in PWC’s Financial Education Practice. Almost half of those surveyed reported managing their personal finances during work hours.

 The study found nearly 80 percent of financially distressed employees spend time at work dealing with financial issues.

The Number One Source of Stress is Personal Financial ConcernsCurrent findings measure the impact of stress on health, human capacity and judgment – all drivers of performance.


In recent research performed by the Center for Financial Well-being, worry over money issues was cited as the number one source of stress.  A number of statistics reflect the depth and breadth of the causes and effects of financial stress:

 

Stress over current financial situation

67% of workers have trouble paying their bills on time

34% of workers rate their financial stress as high to extreme

54% of workers worry about how much they owe

90% of workers report dissatisfaction with their personal financial situation

Over half of women say that “an unexpected bill for $1,000 would be a big problem for their household.”

Three-quarters of workers report that they recently faced at least one significant financial problem, such as being unable to save for future needs, delaying medical care, or having problems with a collection agency.

 
Stress over retirement

75% of all employees are insecure about their retirement

Of those who save and invest for retirement, the mean retirement plan portfolio (minus loans) is about $50,000; and the median is $14,000

Increase in

bankruptcy

Americans file for bankruptcy protection in record numbers (24.5% increase between 2001 and 2000)

Every block in every neighborhood has had one household declare bankruptcy in the past 5 years.

Linking health to finances

20% of an employee’s health is explained by their personal financial wellness

  

The level of one’s credit card debt is associated with increased stress and higher levels of physical impairment and worse health

 
Linking Financial Stress to ProductivityA recent Department of Defense study cited financial problems as one of the top four causes of lost productivity in the military. They attribute wastes of $1 billion annually to employee money problems — $500 per DOD worker per year. Research

suggests that corporate America experiences similar cost numbers ($100-$150 billion annually. So the cost of doing nothing is high.

A recent Department of Defense study cited financial problems as one of the top four causes of lost productivity in the military. They attribute wastes of $1 billion annually to employee money problems — $500 per DOD worker per year. Research

suggests that corporate America experiences similar cost numbers ($100-$150 billion annually. So the cost of doing nothing is high.