Employee Benefits

Employees Are More Financially Vulnerable Than Many Employers Realize

UPDATED ON
April 17, 2023
Mployer Advisor
Estimated Read Time: Less than 1 minute
Mployer Advisor
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According to a survey from Unum Group, about 3 in 10 employees claim that personal or family financial issues have dampened their productivity at work as a result. 

In reality, almost 5 out of 10 US workers have less than $1,000 in the bank and could only afford 2 months of their living expenses in the event that an accident, injury, or any other situation prevented them from working. 

Further, nearly 4 out of 10 employees do not consider the employee benefits package offered by their employers to be robust at a time when accident coverage and other voluntary benefits might be the best possible stopgap between an unforeseen event and dire financial straits.

You can read more about the survey and analysis here.

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