Large segments of the workforce are emerging from the pandemic in a state of financial crisis. Layoffs, reduced hours, costly medical bills, and the accumulation of unpaid rent and mortgages have made employees more concerned than ever about their current and future financial states.
In a 2021 financial wellness survey from PwC, almost two-thirds of employees said their financial stress has increased since the start of the pandemic. Survey respondents who reported that their financial strain had escalated were nearly four times as likely to admit their finances have been a distraction at work.
