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The Relationship of Financial Stress to Overall Stress and Satisfaction, Personal Finances and Worker Productivity
By:
William C. Bailey
D. Kay Woodiel
M. Jean Turner
Jenifer Young, B.S.
This study examines the relationship of financial stress to personal and work stress and its negative impact on personal and work satisfaction. A survey of 187 professional mental health staff working in behavioral hospitals determined that financial stress scores from personal and work areas explained 50% of the variance in their overall stress. Financial stress scores also explained 30% of the negative variance in personal and work satisfaction.
This study indicates as much as 50% of overall stress could be reduced by improved financial management , thus contributing significantly to their personal and work satisfaction which counter-balances stress which lowers productivity.
