Sages Paroles

What was it like moving out of your parents house to live on your own for the very first time?

Is financial stress affecting your mental and physical health?

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“One-third of all employees get distracted by their situation, causing 46 percent of them to spend at least three hours per week at work thinking about or handling finances, according to PwC’s ‘2017 Employee Financial Wellness Survey.’ Additionally, those who are stressed by their financial situations cite health problems from said stress at a rate 15 percent higher than those who are not stressed.

Financial health assesses whether people are spending, saving, borrowing, and planning in a way that will enable them to be resilient and pursue opportunities over time.

Financial stress permeates into workplaces of all industries and professions, eating away at worker morale and business profits; however, employers have the power to curb these costs by supporting worker needs – across spending, saving, borrowing, and planning – through benefits, wellness programs, compensation, and other policies.