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Salary Finance Survey Reveals Inflation, Student Loans, Restrictive Housing Market, and Elimination of Child Tax Credit Leading to Increased Financial Stress in American Workers

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BOSTON–()–As the country moves past one crisis and faces another, more American workers are dealing with financial stress, according to a survey by Salary Finance, the leading global provider of socially responsible financial products in the workplace. The elimination of COVID programs, such as student loan forgiveness and the enhanced child tax credit, the high cost of property and a record-high inflation worsened by the escalating war in Ukraine, are likely the root causes for the highest percentage of financial stress in the four years the company has conducted the survey, which often times leads to anxiety and depression.

According to “Inside the Wallets of Working Americans, the Fourth Annual Salary Finance Report”, 45 percent of working Americans experience financial stress, an increase from 42 percent the previous two years. Workers are running out of money faster: one out of five American workers runs out of money…

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