Have you ever found it difficult to concentrate in school because you are worried about your grades? Although you are at school to make the effort to boost your grades, sometimes just being at school can cause your stress meter to skyrocket. Would it be more helpful if your courses in high school offered guidance on how to use your time to earn the best grade? Is this a part of your instructor’s responsibility? Well, many employees across the nation are experiencing the same stresses with their employers.
A recent Yale study found that up to ten percent of workers may miss twenty one days due to work related stress. These lost work days impact the employer. Although this number does not account for days lost because of financial or psychological stress, employers watch aware as absenteeism continues to increase. Households across America worry about debt in an alarmingly increased rate.
Employers offer pet insurance yet turn a blind eye to employee’s financial woes by neglecting to offer a place to turn for financial advice and help with student loans. Would money trouble affect your ability to be productive in the workplace? Why do you think some people have this struggle? Employers are becoming more and more progressive offering benefits millennials demand, like paternity leave, pet insurance and options for working at home, yet some fail to consider offering help where workers may need it the most… budgeting and debt elimination plans.
After reading the article, talk with a partner and answer the same questions under the conclude part of your chart.
Share your t-charts with the class and discuss your answers. Were there changes to your original opinion when you were speculating compared to your thoughts after reading the article?
To conclude this learning activity, create an infographic that details at least 10 facts and 10 pictures that show the relationship between employers, employees, the workplace and financial health.
Extension: Spend some time going through the following links to see why burned out workers are actually missing time at work. Come up with a warning list for employers including the top five things to look for in employee exhaustion. Write a letter to a CEO or local business owner sharing ways to support their employees with each of the five types of “burn out” you have selected.
SS.912.FL.1.5: Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.
SS.912.FL.4.8: Examine the fact that failure to repay a loan has significant consequences for borrowers such as negative entries on their credit report, repossession of property (collateral), garnishment of wages, and the inability to obtain loans in the future.
SS.912.FL.4.9: Explain that consumers who have difficulty repaying debt can seek assistance through credit counseling services and by negotiating directly with creditors.
SS.912.FL.4.10: Analyze the fact that, in extreme cases, bankruptcy may be an option for consumers who are unable to repay debt, and although bankruptcy provides some benefits, filing for bankruptcy also entails considerable costs, including having notice of the bankruptcy appear on a consumer’s credit report for up to 10 years.
Created by Deborah Kozdras and Brittany Sampson