Employees are struggling with financial wellness, causing decreased job performance and increased stress. In an effort to expand the path to improvement, industry groups are encouraging lawmakers to help engages employees.
Twenty-four percent of employees feel distracted at work, 29% of defined contribution participants report missing work to deal with the emotional stress caused by their finances, 47% of DC participants feel they are living paycheck to paycheck and 61% of U.S. workers lack a savings cushion for emergencies, according to State Street Global Advisors.
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