Monday, October 27, 2008

Money Worries Keeping People Awake at Night

Some 92 percent of employees say financial worries are keeping them up at night, according to a poll released by ComPsych Corporation.

Employees were asked: Do financial worries keep you up at night? If so, what is your biggest concern?
  • 30 percent said the cost of living.
  • 29 percent said credit card debt.
  • 14 percent said mortgage payment.
  • 13 percent said retirement account.
  • 3 percent said kids' tuition.
  • 3 percent said health care costs.
  • 8 percent said they are not worried.

As the largest EAP (Employee Assistance Program), our increased call volume has been a reflection of the financial stressors faced by U.S. employees, said Dr. Richard Chaifetz, chairman and CEO of ComPsych. Companies are realizing the impact of financial uncertainties upon their workers, and are proactively promoting support services such as EAPs with financial and legal guidance to help employees cope.

For more information, visit www.compsych.com.

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