IT Management Slideshow: Personal Financial Stress Hurts Employee Performance

By Dennis McCafferty  |  Posted 05-03-2011

Personal Financial Stress Hurts Employee Performance

61 percent of respondents are stressed about their financial situation.

Personal Financial Stress Hurts Employee Performance

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29 percent of respondents say their personal financial issues have been a distraction at work.

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Primary causes of financial stress (percent respondents):Not having sufficient emergency savings for unexpected expenses (25 percent)Not being able to meet monthly expenses (20 percent)Not being able to retire when they want (18 percent)Keeping up with debt (13 percent)Getting laid off (11 percent)

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49 percent of respondents say they are finding it difficult to meet their household expenses on time, up from 43 percent in 2010.

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More than a third of respondents earning $100,000 or more a year say it's a challenge to meet household expenses.

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24 percent of respondents say they use credit cards to buy monthly necessities because they can't afford them otherwise, up from 15 percent who said so in 2010.

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Half of respondents say they consistently carry balances on credit cards. (That's about the same from 2010.)

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42 percent of respondents say they find it difficult to make minimum credit-card payments on time, up from 28 percent in 2010.

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35 percent of respondents are not saving for retirement.

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46 percent of respondents expect they'll have to delay retirement.

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38 percent of respondents say they're saving less this year than they were last year.

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