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Employee wellness extends to financial health

from Corporate Wellness Magazine

Unexpected expenses are a fact of life. Whether it's the washing machine suddenly breaking down or the car needing new tires, surprise bills hit us all. For those who are financially fragile — living from paycheck to paycheck and with little or no savings and credit – these expenses can be difficult to cover. All this uncertainty about paying the bills is adding up to stress. A study from PricewaterhouseCoopers reported that 52 percent of employees are stressed out about dealing with their financial situation. It appears to be hardest on the younger workers, with 64 percent of millennials saying they are stressed by their finances. Alok Deshpande, the founder of SmartPath Financial Education, warns that 30 percent of employees are less productive than their peers because of acute financial issues like bad debt. more

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