More than one-third of Americans spend between two hours and half a day handling or worrying about personal finance matters each day. According to a new study by McGraw-Hill Federal Credit Union, which surveyed more than 1,000 people about how much time they spend on money matters each year, people spend just as much time worrying about their finances as they do managing them.
"There's often a great deal of stress associated with personal finance issues. Financial wellness, and the workplace that fosters it, can go a long way towards providing solutions that increase productivity and peace of mind," said Shawn Gilfedder, president and CEO of McGraw-Hill Federal Credit Union.
April is Financial Literacy Month so it is a perfect time to get people thinking about how much of their workday is spent working on personal finance, like paying bills, applying for loans or appeasing creditors.
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