Bank of America report: Nearly two-thirds of employees worried about finances
Fed’s inflation response will drive America into ‘deep recession’: Jeremy Siegel
Wharton business school professor Jeremy Siegel analyzes the Federal Reserve’s policies, warning the Fed’s actions will make a ‘deep recession’ inevitable
According to a report released Tuesday by Bank of America, nearly two-thirds of employees are stressed about their finances amid scorching hot inflation.
Bank of America said in its 2022 Workplace Benefits Report 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.