Man drowning in debt

A new survey from Financial Fitness for Life, which provides financial education to employees, demonstrates how seriously financial concerns are weighing on employees and affecting their time in the workplace.

The company’s first annual Financial Wellness Survey found that 50% of employees spend an average of 2.5 hours per week grappling with personal finances while at work, taking a toll on their productivity and well-being. In addition, 75% of respondents to the survey reported experiencing moderate to extreme financial stress.

Among the reasons for that stress are that 64% said they are not prepared for emergencies, and 80% said that they are struggling to effectively plan for retirement. Meanwhile, more than half said they do not have a budget or have not reviewed their budget in the past six months, and only 27% think they have adequate insurance coverage.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.