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COVID-19-related financial stress is hurting employee health and well-being

Perks like ping pong tables, commuter benefits and onsite meals are suddenly irrelevant . For the well-being of your employees, why not reinvest that budget in financial wellness tools?

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Pink piggy bank sweating under load of giant rock (Photo: Shutterstock)

In the aftermath of a tight election, and in the midst of a pandemic, it’s confirmed: 2020 has been a stressful year for both our health and pocketbooks.

With 230,000 Americans lost and millions more fallen sick, it’s not surprising that many are feeling immense stress regarding their personal well-being and the health of their family members – and it’s starting to take its toll. According to the Kaiser Family Foundation, 53% of US adults say stress related to the coronavirus has hurt their mental health–with 36% saying it’s cut into sleep and 12% stating it’s worsened chronic conditions.

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