Data shows financial stress drastically impacts the U.S. workforce—and employees are seeking out employers who are willing to help
Finances are a common source of stress for many Americans—but do employers truly know how much this stress impacts the health and wellbeing of employees, as well as their company’s bottom line?
The American workforce is facing major financial strain, according to the results of a study commissioned by Immediate. Hours are being cut, jobs are being lost, and two in five households report that their net income declined by 25% in 2020. As the data shows, these stresses aren’t unique to households at lower income levels. Instead, households with a total income of more than $100,000 are more likely to ask for an advance than those with a household income of less than $50,000.
These challenges are incredibly problematic. However, there are ways to alleviate the negative impact on employees, if employers are willing to address this looming issue. Download the market report today to learn more.