Economic Instability Is Affecting Employees’ Finances and Mental Health

Economic uncertainty has become a familiar challenge for Americans. After navigating a pandemic, supply chain disruptions, and inflation, concernsnow center on shifting tariffs, stock market volatility, and whether the Federal Reserve will cut interest rates. A recent CNBC/SurveyMonkey poll reports that 73% of adults feel “financially stressed,” with two-thirds pointing to tariffs as a key driver. 

This instability is straining workers’ financial confidence. Changing tariff policies and mixed market signals are contributing to anxiety, depression, poor sleep, and increased health risks. Long-term stress can erode resilience, leaving people more vulnerable to setbacks. 

In response, many employers are offering tools and resources to help employees manage their financial lives. From retirement planning and digital budgeting tools to workshops on financial habits, these efforts aim to reduce stress and promote well-being. 

Companies are also expanding benefits to include financial counseling, debt support, and legal assistance. As part of a well-rounded compensation package, these offerings help attract talent while supporting a healthier, more financially secure workforce. A solid financial wellness strategy is now seen as a smart investment in long-term workforce resilience. 

If your business lacks these modern employee benefits, your employees may be at risk, with no resources to guide them.  You would be surprised at how affordable and simple it is to implement these services.   

For more information, contact Michelle Willard, Director of Employee Benefits at Knight Insurance Group.