Our latest annual survey of more than 1,000 equity plan participants reveals that fewer US workers with access to company shares are selling their stock to pay for life's essentials such as rent, mortgage or bills than a year ago: 19.43% in 2022 compared with 13.87% in 2023.
The research—which every year asks the participants of our client employee equity plans whether they have sold any of their equity and why—found that 36.96% of all plan participants surveyed had sold at least some of their shares in the past year, a slight increase from 34.76% the year before. The survey also found that just under half (48%) of participants in 2023 feel more engaged with their employer because they hold shares in the company.
Whilst employees are clearly still experiencing financial pressures, our research shows that the situation has eased somewhat compared with 2021-22, which saw almost 6% more US employees releasing funds from their employee equity plans for essential expenses.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
