Financial anxiety – including an unsettled feeling about not doing enough to prepare for retirement – could be crippling the nation's workforce, according to a survey from State Street Global Advisors.
Student loans, mortgages and health care costs were acknowledged as taking an emotional toll on 60 percent of the respondents surveyed. Thirty-seven percent admitted financial stress was causing their productivity to suffer.
Half of the 1,000 workers surveyed said they live paycheck to paycheck, and 25 percent said their financial stress is so overwhelming that it has caused them to miss work.
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