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U.S. Employees Worry About Money All the Time

Do you worry about money while you're making money?

If so, you're not alone. New research from Workplace Options/Public Policy Polling reveals that employees are worried about their personal finances more than ever!

U.S. employees have money on their minds, but not in a good way. A full 88% of working Americans surveyed are worried about their financial situation. Hey, the bills have to get paid. But catch this: More than half of those surveyed (55%) revealed that their financial stress level has gone up in a measurable, year-over-year kind of way.

For more than one-quarter surveyed (28%), their worries about money have gone up "significantly" since February 2015. Verging on three-quarters surveyed (69%) revealed they worry about their personal finances many times per week. More than four in 10 employees surveyed (44%) say they worry about money problems every single day.

Anyone who thinks, "Well, it's not my problem" might want to consider the impact on the workplace. More than two-thirds of employees surveyed (68%) are using work time to take care of personal financial business -- an almost 10% increase over 2015.

Meanwhile, the percentage of employees who have taken time off work to handle a personal financial crisis -- or to recuperate from the stress caused by it -- has increased 15% over the last year alone.

Men and women are equally worried about their personal financial dilemmas, but men are more likely to take time off work to deal with the problem. Bottom line: we're still living that Simply Red song from 30 years ago.

Yet, many TV pundits wonder why the average American seems so intent on voting for outsiders this year while some economists theorize that economic growth remains sluggish because too many people have jobs. Um, no. IT'S BECAUSE THE AVERAGE EMPLOYEE IS WORKING HARDER AND MAKING LESS. It's that simple. I apologize for shouting.

Anyway, it's a data rich survey that's worth a look. You can get additional survey results here.


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