Financial stress in leaders harms team performance and morale
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The number one stressor across the globe is money, and New Mexico is no stranger to financial pressure. New Mexico has one of the highest poverty rates in the United States, and policymakers have been trying to address this with different policies and programs.
Financial stress is driven by various economic factors, and, at the same time, the collective impact of this stress is affecting the broader economy. While financial stress has been shown to affect people's health and overall well-being, new research out of The University of New Mexico showcases how it can undermine how productive and engaged people are at work.
Trevor Spoelma, associate professor in the Anderson School of Management at The University of New Mexico, has new research finding the link between leaders facing financial stress and how that impacts their teams at work. The findings are published in the journal Personnel Psychology.
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