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A vast majority of American workers are worried about their financial future, according to a new study by Bank of America Merrill Lynch.
The latest Workplace Benefits Report has revealed that American workers’ stress about their finances has increased, while confidence in their financial futures has decreased. Specifically, three in five employees today feel stressed about their financial futures, up from 50 percent in 2013.
For the study, Bank of America Merrill Lynch conducted a nationwide survey of more than 1,200 employees with 401(k) plans at companies of all sizes.