The results showed that financial stress spiked by 35% since the pandemic began in 2020. The high cost of living is the most common factor of financial stress, followed by low income and low savings. Those aged between 30 and 39 have the highest financial stress scores compared to other age groups. “Civil servants had higher mental well-being scores than those who are in the private sector and self-employed,” Azaddin points out. Employers should also provide access to mental health support through partnerships with mental health professionals.
