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62% Of Workers Are Experiencing Financial-Related Stress

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A new survey confirms what experts have been warning about: pay is not keeping up with the cost of living. According to a Bank of America-sponsored survey, a whopping 71% of employees say that their wages have not kept up with the pace of inflation in July, up from the 58% who said so in February. . seen in June.

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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. Financial stress impacts worker well-being, both mentally and physically Financial wellness and literacy are critical for the economic stability and peace of mind of employees.

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Many Employees Literally Cannot Afford To Return To The Office And Employers Are Considering Picking Up The Tab

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Inflation is at a 41-year high and soaring gas prices are taking a toll across the country, with hourly workers bearing the brunt of these challenges — 81% reported that record gas prices have made it hard to pay other expenses. . In May 2021, commuter expenses accounted for only.23% 23% of all claims.

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Money Remains a Top Stressor for U.S. Adults—Here Are Some Tips to Better Manage Stress (and Finances)

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“I would lie there and catalog the things I had bought over the years that now made absolutely no sense to me: that luxury car lease, that tech gadget, that suit, that watch, that ridiculously expensive bottle of wine.” (And Hailing from humble beginnings, he grew up in a loving family. Money and Stress in America.

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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. And the same could be said if they decide to take up an expensive hobby to fill the time they previously devoted to work. They’ve been in this accumulation mode of building up their assets,” she says.

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8 Travel Apps You Need to Download Before Your Next Vacation

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That means we’ll likely see crowded airports and stressed travelers. Of course, you need to be using your airline’s app to track your flight and access your boarding pass, but there are other travel apps that do everything from getting you through customs in a flash (even without Global Entry) to dividing up shared expenses on a group trip.

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‘Money Boss’ Jo Davison’s 5 Steps for Taking Control of Your Finances

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So, don’t get stressed about that,’” she says. But, once you know the basics, it’s up to you how to continue. This method has worked for her for years and takes the stress out of large or unexpected expenses. Her clients often don’t know how much they actually need for survival until Davison helps them add it all up.

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