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Health Insurance & Protection - Financial stress biggest employer concern for millennials

Many millennials now have children, mortgages and bills to pay.

Financial-related stress is the health and wellbeing issue that employers think most affects their millennial employees, a survey shows.

The poll of 500 HR decision makers by GRiD found 51% cited stress and anxiety related to finances and debt as they top concern, followed by stress and anxiety related to home life (39%) and stress and anxiety related to work (38%).

According to the group risk industry association, millennials are laden with the highest student debt levels ever and have had to live at home with their parents due to property price rises.

Many are now middle managers with children, mortgages and bills to pay.

Katharine Moxham, spokesperson for GRiD, said that unless employers review their employee benefits packages accordingly, they run the risk of being like a long-lost aunt who comments “you’ve grown” without really acknowledging any other changes.

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