A vast majority (93 per cent) of U.S. employees say they’re feeling stressed, with many citing finances as one source (84 per cent) or the main source (50 per cent) of stress, according to a new survey by Lincoln Financial Group. The survey, which polled more than 2,600 employees, found among workers who reported feeling […]
More than a quarter (27 per cent) of U.S. workers say they have high or overwhelming levels of financial stress, up from 20 per cent in 2021, according to a new report by Financial Finesse. The report, which analyzed data from more than 34,000 workers who interacted with the consultancy’s financial wellness tools, found more […]
The traditional aim for the defined contribution pension industry has been helping plan members save for retirement, but as the nature of employment, plan design, investment choice and member engagement evolves, that objective is changing to financial wellness. “The world has changed significantly since the defined contribution business emerged,” said Marc-Antoine Morin, assistant vice-president of […]
Financial stress is impacting Canadians’ mental and physical health, as well as decisions related to their pension plans, said Matt Davison, Western University’s dean of science and principal researcher, during a session at Benefits Canada‘s 2023 DC Plan Summit. In an analysis of the National Payroll Institute’s annual survey, Western’s financial wellness lab found respondents’ financial perspectives […]
The vast majority (92 per cent) of white-collar workers say they’re stressed about their finances, according to a new survey by BrightPlan. The survey, which polled more than 1,400 employees, found workers who are financially stressed reported impacts on their mental (72 per cent) and physical health (60 per cent). Nearly two-thirds (64 per cent) […]
Two-fifths (40 per cent) of Canadian employees say they’ve taken time off work in the last five years due to mental-health concerns, according to a new survey by wellness benefits provider Heal-3 and the Future Skills Centre. The survey, which polled more than 500 workers, found among respondents who took time off for mental-health reasons, […]
Half (50 per cent) of Canadian workers say they’ve experienced a traumatic event that’s had a significant impact on their mental health, according to Telus Health’s latest mental-health index. The survey found women were 50 per cent more likely than men to have experienced a traumatic event. In addition, employees aged 40 and younger were […]
Nearly three-quarters (71 per cent) of Canadian employees feel their mental health has interfered with their ability to work in the past year, according to a new survey commissioned by Manulife Financial Corp. and conducted by Edelman DXI. The survey, which polled more than 1,500 Canadians, found four-fifths of employees said they’re worried about their […]
Employee absences and presenteeism are costing Canadian employers nearly $645 million annually, according to a new report by Manulife Financial Corp. The report — which analyzed data from nearly 50 Manulife group benefits plan sponsor clients, as well as survey responses from more than 4,900 employees — found an average of 48 days per employee were […]
While U.S. workers aged 45 and older believe it takes, on average, $1.1 million in savings to retire comfortably, just 21 per cent expect to reach this goal, down from 24 per cent in 2022, according to a new survey by Schroders. The survey, which polled more than 2,000 employees, found more than half (59 […]