Employees are under financial stress — big time. In fact, 56percent of them are stressed about their financial situation, andmore than half of them say it’s taking a toll on both their abilityto focus and their productivity on the job.
That’s according to the latest Bank of America Merrill Lynch Workplace Benefits Report, whichfinds that not only are 53 percent of stressed employees havingtrouble concentrating on their work, the cost of health care is abig shadow cast over workers’ financial situations. And that’s already anissue, with 43 percent of employees owning up to spending 3 or morehours a week while at the office dealing with personal financialmatters.
As more employees find themselves shelling out more from theirown pockets to pay health care bills — 69 percent of workers saidso in 2015, but 79 percent said so in 2016 — it’s no surprise tohear that health care costs are up 10 percent since 2015. No wonderthey’re stressed; salaries certainly haven’t risen to match.
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