Cost-of-living crisis | Financial stress causing productivity to crash

UK businesses are suffering a drop in productivity due to feeling the burden of financial stress, a new study has found.

Data released by global employee wellbeing platform Champion Health, which surveyed 2,200 UK employees, shows that financial pressure is now the highest cause of stress with 34% citing it in a survey. Overall, 71% of UK professionals are experiencing moderate to high levels of stress.

The survey shows the cost-of-living crisis is causing those who experience financial stress to feel fatigued. 48% of employees with terrible sleep quality are experiencing financial stress, as are 47% of employees experiencing clinically relevant symptoms of anxiety.

One in ten all of employees report financial stress is affecting their ability to do their job.