The Financial Wellness of Gen Z: The Good, the Bad, and the Ugly

Why should someone download this ebook?

One of the biggest and most overlooked employee well-being issues is associated with money.

According to the 2017 Employee Financial Wellness Survey from PricewaterhouseCoopers (PwC), nearly one in three employees say issues with personal finances are distracting them at work.

This isn’t surprising when you consider how financial stress hurts overall employee well-being. The PwC survey also found that 35 percent of those who are stressed about finances have experienced health issues as a result.

This stress is costing companies billions. An aggregated report by Health Advocate found that stress hurts productivity, costing business between $200 and $300 billion each year.

But how does financial wellness impact well-being for the newest generation of employees?

Our latest survey revealed the good, the bad, and the ugly of Gen Z’s financial wellness. While they have specific financial goals, most of them (71 percent) say they’re moderately to very stressed about finances.

We surveyed 500 respondents in the U.S. and UK and 251 respondents in Canada who were between 14 and 22 years old. These Gen Z employees shared their top financial goals, how financial stress impacts them at work, and how they want employers to help them.

Our report, The Financial Wellness of Gen Z: The Good, the Bad, and the Ugly, presents research from this survey and provides actionable takeaways for HR professionals and leadership.

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Support Your Youngest Employees

Learn how to boost their financial well-being.

© 2017 LifeWorks Ltd

  • The Good: Why Gen Zers are confident in their financial future and how they prepare for and manage financial obligations.
  • The Bad: What their top concerns are, the gender gap, and the impact financial stress has on work performance.
  • The Ugly: Why they feel unsupported, how they want to be supported, and their perspective of financial wellness programs.
  • The three pillars of a successful financial wellness strategy and how to support Gen Z in overcoming their unique obstacles. 
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