Financial Wellness Wednesdays - Statistics

 

Photo Credit: PeopleJoy

2019 Financial Employee Wellness Survey-PwC

(Courtesy of: moneyhabitudes.com)

• PwC’s 8th annual Employee Financial Wellness Survey was conducted during the last two weeks of January 2019 and tracks the financial and retirement well-being of working U.S. adults nationwide. This year it incorporates the views of 1,686 full-time employed adults. Participants have been categorized by generation using the following age groups: 18-22 (Gen Z), 23-37 (Millennials), 38 to 58 (Gen X), and 59 to 75 (Baby Boomers).

• 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.

• When asked what causes them the most stress in their lives, more employees say financial matters than those who answer with any other life stressor combined.

• 65% of women and 52% of men said that financial matters cause them the most stress.

• 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.

• Employees admit that financial worries have impacted their health, relationships, productivity, and time away from work.

These statistics may seem startling, but money is a major source of stress if you don't have a plan in place.

Do not despair, help is available and it's easier than you think. Let's meet to talk about your money goals, what is keeping you from reaching them, and make a plan for you to Master Your Money.

You can master your money... and I can help!  

Contact Michelle Serna by filling out the Contact Me form to the right of this post.