More Than 90 Percent of Employees Losing Sleep Over Financial Worries

Some 92 percent of employees say financial worries are keeping them up at night, according to a poll released by ComPsych Corporation on October 27. Only 8 percent of employees described themselves as "not worried."

Employees were asked: "Do financial worries keep you up at night? If so, what is your biggest concern?" Employees responded:

• cost of living (30 percent);
• credit card debt (29 percent);
• mortgage payment (14 percent);
• retirement account (13 percent);
• kids' tuition (3 percent); and
• health care costs (3 percent).

"As the largest EAP, our increased call volume has been a reflection of the financial stressors faced by U.S. employees," said Dr. Richard A. 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."

Source: ComPsych; www.compsych.com.

Reprinted with permission. © CCH
(Submitted Oct. 27, 2008)

More Than 90 Percent of Employees Losing Sleep Over Financial Worries Some 92 percent of employees say financial worries are keeping them up at night, according to a poll released by ComPsych Corporation on October 27. Only 8 percent of