These days, everyone is feeling the pressure of continued high inflation, and healthcare professionals are no exception.
A Harris poll released Wednesday afternoon found that most health care professionals say inflation and financial stress are bad for their mental health.
Nearly two-thirds of respondents said stress about their personal finances had a negative impact on their sleep, and more than 50% said it affected their mental health, self-esteem, physical health and relationships at home.
Nearly 70% of healthcare professionals said managing their finances is stressful, outpacing the number of Americans who express the same sentiment (56%). Additionally, about two-thirds of health care workers said they live paycheck to paycheck, according to the survey.
Looking ahead, approximately 80% of healthcare professionals are concerned about macroeconomic headwinds, such as continued inflation or a potential recession that could create additional negative impact on their personal finances. More than 70% of these employees admitted to their employers that they care about their mental and physical health, as well as providing them with the flexibility to manage their personal lives during working hours.
“With the ongoing healthcare workforce shortage plaguing this country, it is very disheartening to see so many of those left struggling,” IntelyCare CEO David Coppins said in a statement. “With inflation and the holidays coming, we need to be smart about how we help our healthcare workers.” Hiring bonuses and raises that offset cost-of-living increases will not translate into building a sustainable workforce.”
Other key findings from the survey include that 71% of healthcare workers would be more likely to stay on the job if their employer offered a pay-on-demand benefit. More than 40% of respondents said their employer does not provide adequate resources or benefits to manage financial stress.
The Harris survey marks the latest research on the effects of sustained inflation on the health behaviors of Americans, with a special focus on the health community. Over the summer, Lifeworks released a report noting that many Americans are struggling to meet basic needs due to inflation, and this is having a significant impact on their mental health.
The poll results were released at one of the most stressful times of the year for many Americans. A recent survey found that more than a third of Americans said they took anti-anxiety medication to manage family stress during the holiday season.