Employees are more stressed than ever when it comes to finances and it's impacting their health and performance at work.
A new study by SoFi, a San-Francisco based personal finance company, found that nearly 9 out of 10 employees say they're stressed about finances. Almost half of employees surveyed described their financial status as "just getting by."
Not having enough money to set aside for savings is a primary concern. Forty-eight percent of employees worry they don't have enough saved for an emergency and 45% fear they don't have enough reserved for retirement. The study found that 37% of employees are taking on more credit card debt and 1 in 5 employees have borrowed from their retirement savings.
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