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Financial stress creates a plethora of negatives that affect the U.S. workforce, including lower productivity, increased absenteeism and greater carelessness.
A new survey from FinFit and HR Dive's studioID revealed the reality for many U.S. workers. The "Inside the Wallets of Working Americans" report examines why three out of four workers are living paycheck to paycheck. Financial stress was consistent in the data:
- 60% of respondents feel stress when thinking about their finances
- 38% of respondents have taken days off work to deal with personal finance issues
"Employers need to think about how to solve this problem," explained FinFit Chief Commercial Officer Michael Woodhead. "Workers who are stressed aren't as productive because they cannot focus on the minute-to-minute and day-to-day activities that are required for them to execute their job."
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