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Relationship between Financial Stress and Workplace Absenteeism of Credit Counseling Clients

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Abstract

The researchers examined how financial stress was associated with absenteeism of credit counseling clients. Data were collected by a national non-profit credit counseling organization, from consumers who telephoned seeking assistance in debt management. The results indicate credit counseling clients’ financial stress affects their absenteeism at work. Clients with high levels of financial stress are more likely to experience higher levels of absenteeism; thus spending work hours handling personal finances, which decreases the time they are at work. The results suggest some insight into providing financial education and assistance for employees with financial strains as productivity loss might influence their pay.

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Authors and Affiliations

  1. University of Maryland, 1204 Marie Mount Hall, College Park, MD, 20742, USA

    Jinhee Kim

  2. InCharge® Education Foundation, 2101 Park center Drive, Suite 310, Orlando, FL, 32835, USA

    Benoit Sorhaindo

  3. Virginia Tech University, 9402 SE 174th Loop, Summerfield, FL, 34491, USA

    E. Thomas Garman

Authors
  1. Jinhee Kim
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  2. Benoit Sorhaindo
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  3. E. Thomas Garman
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Correspondence to Jinhee Kim.

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Appreciation is extended to the InCharge Institute of America and the InCharge Education Foundation for supporting this research. Dr. Kim served as an InCharge Scholar during this research effort.

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Kim, J., Sorhaindo, B. & Garman, E.T. Relationship between Financial Stress and Workplace Absenteeism of Credit Counseling Clients. J Fam Econ Iss 27, 458–478 (2006). https://doi.org/10.1007/s10834-006-9024-9

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  • DOI: https://doi.org/10.1007/s10834-006-9024-9

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