Financial Stress Impacting Workforce Productivity and Debt Repayment: Report

A new report reveals growing financial stress among American workers, which is affecting workplace productivity and individuals’ ability to manage debt, including medical bills. According to the report, 3 in 5 American workers are living paycheck to paycheck, with Gen Z and Millennials feeling the squeeze the most. By the numbers: The big picture: Financial wellness benefits are becoming increasingly important for employee retention and productivity, while also potentially affecting debt repayment trends.Key findings: Between the lines: The rise in financial stress and demand for financial wellness benefits could impact debt collection strategies and success rates. Learn more.