Nearly two-thirds of employees are worried about their finances amid scorching hot inflation, according to a recent report released by Bank of America.
Wharton business school professor Jeremy Siegel analyzes the Federal Reserve’s policies, warning the Fed’s actions will make a ‘deep recession’ inevitable, nearly two-thirds of employees are stressed about their finances amid scorching hot inflation.that 62% of employees surveyed in July indicated they are worried about their financial situations.
The percentage of employees feeling "financially well" hit a five-year low in July when only 44% said they felt that way, a 13% drop from February, according to the report.
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