Aflac Incorporated, a leading provider of supplemental health insurance and products in the U.S., has released its 13th annual Aflac WorkForces Report shedding light on the critical issues of burnout and financial challenges that affect the American workplace. The Aflac WorkForces Report reveals that employers across various U.S. industries and regions are grappling with meeting their employees’ health care benefits needs, placing employee satisfaction, well-being and retention at risk.
The 2023-2024 Aflac WorkForces Report has been tracking the state of the American workplace, capturing trends, attitudes, needs and experiences in health care and benefits administration among both employees and employers. In particular, the report provides essential insights into the Hispanic community.
Burnout among Hispanic worker
The nationally representative survey underscores employees’ concerns about mental health, highlighting an alarming trend in burnout among Hispanic workers, with a staggering 66% of Hispanic workers reporting that they cannot go more than a month without a paycheck. In contrast, this figure stands at 51% for non-Hispanic workers.
Support systems for unexpected medical expenses
Hispanic workers demonstrate a higher reliance on support systems when confronted with unforeseen medical costs. A notable 29% turn to family or friends for assistance, as opposed to 24% of non-Hispanic workers, and 26% seek additional employment for supplemental income, a significant increase compared to 18% among non-Hispanic workers. This heightened reliance on support systems is a response to the alarming reality that 54% of Hispanic employees report high levels of anxiety about health care costs surpassing their insurance coverage, emphasizing the urgent need for accessible solutions.
Financial resilience in the Hispanic community
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