Friday, November 7, 2008

News You Can Use: Losing sleep over the economy

A whopping 92% of employees are losing sleep over the economy, finds new news from ComPsych.

The survey found employees’ biggest concerns are:

  • 30% said the cost of living
  • 29% said credit card debt
  • 14% said their mortgage payment
  • 13% said their retirement account
  • 3% said their children’s college tuition
  • 3% said health-care costs.
"As the largest EAP, our increased call volume has been a reflection of the financial stressors faced by U.S. employees," said Dr. Richard A. Chaifetz, chairman and CEO of ComPsych Corp., which conducted the poll. "Companies are realizing the impact of financial uncertainties upon their workers, and are proactively promoting support services such as EAPs with financial and legal guidance to help employees cope."

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