Financial stress is a part of life and a part of an
employee's job description. Or maybe not too much.
Growing bills, the deflating values of currencies and plans
that have failed due to financial disasters can impact an employee's work
performance.
Research from Online Financial Planners SUM180 revealed that
29% of employees miss their work to deal with financial stress... or at least
alleviate it by making plans.
While their sample is only limited to North Americans, the
stress of 85% US adults in the middle to lower class earning categories rings
true for the rest of the world.
Unplanned expenses are the main source of financial anxiety
for most Americans. A larger number worry about the day-to-day expenses.
For most millenial Americans, credit card debt, healthcare
and retirement are three of the biggest problems they face. With a failing jobs
market and unhappiness levels due to underemployment, unplanned expenses are a
huge source of stress.
According to experts, emergency funds would be essential in
today's fiscal climate in the United States and for the rest of the world.
Having at least six months' worth of expenses is crucial.
With such a safety net, it would be a great reduction of
stress. Much focus can be placed at work for the need of better income sources
and extending more effort.
