Financial planning for the future can be hard if you’re struggling to get through the day. Research shows mental health may affect workers’…
Planning for your financial future can be difficult if you're struggling to get through the day.rising costs
The company's latest results for September show the financial well-being score of workers fell to 65.9 in September, down from 66.7 when it was last measured in February, representing the lowest score since the index was launched in January 2021.CNBC Your Money SurveyAcademic research has also highlighted a connection between mental health and retirement savings.
"It works the other way, too," Klontz said, in that someone with depression may be less likely to plan for a positive financial future. Workers with the best financial well-being and mental health scores know how much retirement savings they will need to maintain the standard of living they want, the company found. Likewise, those who had the worst mental health and financial well-being scores did not know how much they will need.
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