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The coronavirus pandemic brought on unforeseen challenges nearlyovernight, and it is evident that the impact will be long-lasting.Data shows that 74% of employees are concerned about atleast one aspect of their well-being as a result of COVID-19(financial, social, mental, physical) and a majority of them (52%) are mostconcerned with their financial health.
Financial stress is at an all-time high as layoffs and furloughsacross the nation have left many employees questioning thestability of their employment. A 2019 Stress In America study from the American PsychologicalAssociation found that 64% of adults identified work and 60%identified money as significant sources of stress, making them themost common personal stressors. A more recent surveywould likely paint a bleaker picture.
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