Other significant findings:

More than half of survey respondents (52%) expressed moderate to high concern over their household's financial wellbeing, down from 60% last year, perhaps due to improvements in the overall economy. But most said they continue to be concerned about inflation, a possible recession, and rising housing costs. They also worry about the possibility that employers will reduce hours and benefits, cut wages, and lay workers off. More than half of workers (57%) do not feel financially prepared for reduced hours or temporary unemployment.

Only half (51%) of workers were satisfied with their current jobs, down from 59% last year. A similar number said they are likely to stay with their current employer for the next two years.

Nearly 8 in 10 workers were at least somewhat satisfied with their employee benefits package, similar to last year. More than half of employees (54%) said a greater financial contribution from their employer would be a valuable improvement to benefits programs.

Health insurance and retirement plans were cited as the most important benefits, followed by paid time off, dental or vision insurance, and flexible work (hybrid or remote) arrangements.

Company culture was cited by 61% of respondents as having the greatest negative impact on their overall wellbeing.

One in 4 American workers is an unpaid caregiver to a family member, devoting an average of 21 hours per week to caregiving duties. Of that group, 44% have spent their own money on caregiving expenses, 25% have reduced their work hours, 20% have taken on additional debt, and 18% have reduced the amount they contribute to their retirement savings plan.

Only 44% of workers said their employer offers a financial wellness program, down from 56% last year. Nearly half (47%) say their employers offer health wellness programs.

Nearly 7 in 10 workers (68%) agreed that their employer has a responsibility to ensure their employees are financially secure and well. An even higher number (79%) indicated their employer has a responsibility to make sure employees are mentally healthy and emotionally well, while 74% said that responsibility extends to physical health.

Instant Insights /

Stress alert! Majority of workers worry about household finances and debt