financial stress

Household Spending Data Reveals Employee Borrowing Patterns
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
New data suggests individuals’ decisions to take 401(k) loans are driven less by discretionary spending needs and more by day-to-day cash-flow constraints. A December 2025 study conducted by the Employee Benefit Research Institute (EBRI) and J.P. Morgan Asset Management sheds light on what drives participants to take out 401(k) loans and how those funds are  Read More →
The High Cost of Financial Stress in the Workplace
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
According to the results of a 2024 American Psychiatric Association mental health poll, 43% of adults reported higher subjective feelings of anxiety than they did the previous year. Respondents indicated feeling anxiety related to a number of issues, but high on the list were the economy (77%) and paying bills or expenses (63%). These concerns  Read More →
Financial Stress in the Workplace
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
As the global economy continues to gyrate on an uncertain path, many are feeling increased stress regarding their finances. As of 2022, for example, total U.S. household debt was up more than 8% year over year, according to a study by NerdWallet. And while debt and financial strain are often treated as personal problems, anxiety  Read More →

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