Financial anxiety – including an unsettled feeling about not doing enough to prepare for retirement – could be crippling the nation's workforce, according to a survey from State Street Global Advisors.
Student loans, mortgages and health care costs were acknowledged as taking an emotional toll on 60 percent of the respondents surveyed. Thirty-seven percent admitted financial stress was causing their productivity to suffer.
Half of the 1,000 workers surveyed said they live paycheck to paycheck, and 25 percent said their financial stress is so overwhelming that it has caused them to miss work.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
