PNC Bank released its second Financial Wellness in the Workplace Report on Aug. 28.
The report shows that workers, which span four generations, are more stressed about personal finances than they were in 2023, from 71% in 2023 to 78% .
“The varying financial goals and priorities across America’s generationally diverse workforce shows how important it is to offer a mix of benefits that can appeal to a wide range of employee needs,” said Kaley Keeley Buchanan, senior vice president and head of PNC Organizational Financial Wellness, in a press release. “In order to hire and retain great people across generations, which is critical to bringing diverse thinking and experience to your workforce, you must understand their needs and appeal to them.”
More than 1,000 workers and 500 employers in the U.S. were either surveyed or interviewed for the report.
Key findings of the reported, titled “The Evolving Needs of the Multigenerational American Workforce,” include:
- Generation Z workers are the most stressed about their personal financial situations.
- Financial goals vary by generation.
- 54% of Generation Z and Millennials say student loan debt is a significant burden on their finances.
- Generation X employees say they don't have enough money to hire a financial planner.
Pittsburgh-based PNC Bank has locations throughout Northwest and North Central Indiana. Learn more about the report here.
