Nearly Half of Work-From-Home Workers Are In Need of Financial Therapy

The trend of working from home is becoming more popular than ever, especially with the COVID-19 pandemic. 

As of today, there are now over 19 million infections brought by the COVID-19 pandemic, with more than 12 million recoveries, and more than 730,000 deaths. 

It has urged people to leave their offices for a while, and set up work-from-home (WFH) spaces where they could work and earn. There are companies that have ensured benefits for their WFH employees until the year 2021, the Wall Street Journal stated.

The work-from-home setup has its own pros and cons, but when it comes to personal finance, it is interesting to find out what the stand of the employees are. 

A survey was conducted by CouponLawn, seeking information from individuals and knowing if they need financial therapy or assistance in the time of the pandemic. Financial therapy, combining wealth and psychological coaching, is deemed beneficial for employees who may need to manage their finances better. 

Demographics

 

The survey launched in July 2020 on MTurk, gathering information from 1,100 work-from-home workers based in the US only. We specifically asked our survey participants to indicate their age so we can see which generation they belong to.