Spike in financial stress among SA professionals - survey | Fin24
 
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Spike in financial stress among SA professionals - survey

Dec 28 2018 08:46

Financial stress among South African professionals has increased compared to 2017, according to the 2018 Profmed Stress Index.

The index, compiled from the responses of nearly 2 500 of Profmed's professional membership base, revealed that, apart from the increased financial stresses, over half the respondents reported that they have been more stressed overall in 2018 when compared to 2017.

"The rise in financial stress is not surprising, considering the economic conditions which continue to take their toll on every sector of South African society," Graham Anderson, chief executive of Profmed, said in a statement.

One area of concern for him from the recently released 2018 findings, was the increase in the number of professionals who indicated they were suffering from stress-induced anxiety and depression.

Almost 40% of respondents reported feeling more detached this year and wanting to be alone.

"Due to higher demands from careers, like working late or working overtime, people may have less time and energy to socialise with their peers, adding to feelings of detachment and wanting to be alone," says Anderson.

Findings further reveal that, while stress still affects respondents emotionally, physically and mentally, over 75% of respondents feel they handle stress well. This year, less than 10% of respondents took leave due to a stress-related illness.

The findings of the 2018 survey show that almost 60% of respondents are actively doing something about their stress, with exercise cited as the leading "remedy".

sa economy  |  personal finance  |  money
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