Americans Feel Unprepared to Navigate Potential Benefits Changes in the Wake of the Election
NEW YORK - Nov. 26, 2024 - PRLog -- It's been just over three weeks since Election Day and Americans across the nation are grappling with how the change in administration may impact their lives, including their job security and personal financial situation.
According to a new national survey commissioned by Jazmarc Services and conducted by Wired Research, employed Americans are worried that the benefits they receive from their employer will be impacted by the election results. The survey, which reached 2,000 full-time employed Americans, found that:
- 1 in 3 (36%) are worried their job security will be affected by the election
- 2 in 5 are worried their benefits may be in danger (41%) or that the benefits they receive from their employer will be impacted in some way by the election (42%)
- 41% don't think they are prepared to navigate potential benefits changes after the election and 39% feel the same about their employer
"Employees, in particular, are likely worried about policy changes that could be made based on the incoming administration's priorities, healthcare laws that could be impacted, changes around their retirement accounts or social security, including limits on benefits or changes in tax incentives, losing access to paid leave or other workplace protections, and a general economic uncertainty given the potential shifts to economic policies," says Joshua Marcus, founder of Jazmarc Services. He adds, "This could impact business growth and stability, resulting in more layoffs or benefit cuts in the days ahead."
Given the change in administration, it was important to look at the results by political party. The research shows that Republicans are more optimistic about their employer-provided benefits than Democrats:
- Democrats are nearly 2x more likely than Republicans to be worried that their benefits may be in danger (55% vs. 29% Republican)
- Democrats are 53% more likely than Republicans to think the benefits they receive at work will be impacted in some way (52% vs. 34% Republican)
"I'm not overly surprised by these numbers," says Danielle Sherman, Founder and CEO of Wired Research. "Republicans likely have greater confidence in policies traditionally aligned with their party's platform, such as tax cuts, deregulation, and business-friendly measures that ultimately impact business and the benefits employers are able to offer," she says.
ABOUT THE SURVEY
The online survey was commissioned by Jazmarc Services and conducted by Wired Research between 11/4/24 and 11/18/24 and reached 2,000 Americans ages 18+ who are employed full-time. The study has a margin of error of +/- 2.2%.
For more information about Jazmarc Services please visit www.jazmarcllc.com. To learn more about Wired Research please visit www.wiredresearch.com
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Source: Wired Research
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