John Hancock Research Shows Financial Stress Costs Companies $2,000 per Employee Annually
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: PR Newswire
BOSTON, Dec. 11, 2018 /PRNewswire/ -- John Hancock today announced the results of its annual Financial Stress Survey of 1,352 retirement plan participants, revealing a majority of workers (69 percent) are stressed over their finances, costing companies approximately $2,000 per employee. Most respondents (72 percent) admitted to worrying about personal finances while at work, with one-third doing so more than once per week. Slightly more than three-quarters of survey respondents cited lack of retirement savings as a leading factor affecting their stress, with nearly half reporting they worry about it "a great deal" and only 40 percent expecting to retire "about when planned." Rounding out the top five causes of financial worry were college loans (76 percent), monthly rent payments (64 percent), lack of emergency savings (59 percent), and overall current financial situation (62 percent). That financial stress is triggering both physical and psychological symptoms for about 60 percent of
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