Wakefield Research surveyed 1,000 employed adults and 600 HR leaders on Morgan Stanley’s behalf between July 13 and 19, according to a Sept. 21 news release.
Five things to know:
1.Twenty-six percent of those surveyed said they have reduced their contributions to paying off debts and loans.
2. Nineteen percent said they have reduced contributions to their health savings accounts.
3. Thirty-one percent said they have reduced 401(k) plan contributions.
4. Twenty-five percent said they have reduced long-term savings contributions and 24 percent said they have reduced short-term savings contributions.
5. Seventy-one percent said money-related stress negatively affects their work and personal lives, up 7 percent from 2021.
