Whether you are worried about your retirement, debts, or your children’s future, financial stress is a particularly complex and destructive form of stress that can significantly reduce levels of well-being and health.
Costing the Australian government $42 billion per year, financial stress has been linked to reduced employee performance, increased sick days, as well as increased risk in developing mental health issues such as depression, anxiety, eating disorders, and substance abuse disorders.
Furthermore, financial stress has also been linked to an increased risk of obesity, heart diseases, Irritable Bowel Syndrome and chronic pain.
Financial stress is defined as “a condition that is the result of financial and/or economic events that creates anxiety, worry, or a sense of scarcity, and is accompanied by a physiological stress response”.
If you are experiencing financial stress you may experience:
If you feel you are currently experiencing financial stress, you are not alone…
Recent research has found that over 2.86 million Australian employees are struggling with financial stress, over 25% of the Australian workforce.
Financial stress is particularly exacerbated during the end of year financial period.
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The Workshop Lab is excited to announce the introduction of neuroscience-based coaching which has been designed specifically to support employees within fast-paced organisations.
Based on neuroscience and brain-friendly practices, employees can now work individually with a coach to set new goals and formulate effective plans to support new habit formation.