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Inflation is finally beginning to ease, but it's already hurt worker's wallets. A new analysis from the Employee Benefits Research Institute shows that workers' financial fears rose significantly between 2021 and 2022, leaving employees feeling unprepared for retirement and unexpected costs.
The analysis, published in the EBRI's weekly Fast Facts column, uses data from their 2022 Workplace Wellness Survey. Among the key findings are that financial worries have risen: in 2022, 34% of employees rated themselves as highly concerned about their household's financial well-being, while 26% reported they were moderately concerned. In comparison, in 2021 those figures sat at 29% and 20%. The shifts mean only 40% of people in 2022 rated their concern as low, compared to more than half of workers in 2021.
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