Close Brothers: Money worries can impact employee productivity and mental health

The importance of financial wellbeing

Emanuela Hawker
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Financial security is a "core component" when considering workers' mental health, according to the report
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Financial security is a "core component" when considering workers' mental health, according to the report

The Financial Wellbeing Index report by Close Brothers, released in tandem with Mental Health Awareness week (13-17 May), has revealed that companies are lacking when it comes to supporting the financial wellbeing of their employees.

Of those surveyed for the Close Brothers report, 55% claimed that their workplace offers no aid to help improve an employee's financial wellbeing. As a result, 55.6 out of 100 admitted their work performance has been affected by financial concerns. Meanwhile, 94% of those surveyed said they worry about money with 28% of them revealing that they are unhappy with the current state of their finances. Jeanette Makings, head of financial education at Close Brothers,  pointed out financial security is a "core component" when considering the mental health of people in the workplace and she r...

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