Financial worries are affecting employees' performance at work

More than 8 in ten employees feel anxious over their personal finances.

A study by AXA PPP healthcare reveals 24.6 million employees feel some degree of anxiety over their financial position, and more than 10 million admit their financial worries are affecting their performance.

The most pressing concern for most is repaying debt or bills. A fifth of 18 to 24 year olds drink alcohol to take their mind off their financial concerns.

Dudley Lusted, head of corporate healthcare development at AXA PPP healthcare said: “Money worries have become more than a mild distraction for the UK workforce. It is a serious concern for both employees and employers as productivity has decreased and absence levels increased.”

Human Resources Magazine, 11 November 2009