Americans, though optimistic, are devoting more of their energy to maintaining their financial and physical health.
While 87 percent of the workers surveyed by Merrill Lynch were at least somewhat optimistic about their financial future, nearly two-thirds of the respondents felt worried about running out of money in retirement.
Top concerns for the survey’s respondents included having to work longer than they had hoped for, becoming seriously ill and unable to work and not being able to pay for their children’s education,
All that financial stress is having an impact on employee wellbeing, according to the report. Nearly six in 10 of the survey’s respondents said financial stress was beginning to impact their health.
Simultaneously, rising health care costs are threatening employee financial wellbeing.