A majority of American workers want their employers to provide financial wellness benefits so they can perform better on the job, according to a survey conducted by the National Association of Personal Financial Advisors (NAPFA).

Stress over finances is hurting employees’ job performances and counseling would help, most employees feel, according to the NAPFA 2022 Consumer Survey, which included responses from 2,005 people under 65 years of age.

Eighty-seven percent of working Americans reported feeling stressed about their finances, and nearly one-third reported spending half an hour or more per work day thinking about their finances. In addition, seven out of 10 said they would perform better at work if their employer offered more financial wellness benefits, the survey said.

The survey also revealed that nearly three-quarters of working adults sense that their coworkers are stressed about their finances due to an increase in inflation, and nearly four in five felt employers should be more aware of their employees’ financial struggles.

“Due to the serious impacts of inflation and other current financial stressors, consumers desire assistance and understanding from their employers regarding financial wellness,” Geoffrey Brown, NAPFA CEO, said in a statement.

Inflation, which is contributing to financial stress, is causing Americans to question their financial future, at the same time that workers are contributing less to their retirement with 58% of working adults have contributing less money to retirement plans.

Nearly half of those surveyed said they were unsure of how much money they need to retire comfortably.  More than half of baby boomers, 80% of millennials, and 72% of Gen Z believe they need to pay off all their debt before they can focus on saving for retirement. Employees said they feel their employer-sponsored retirement plans are not substantial enough for employees to reach their financial goals, which adds to their stress.

Two-thirds of respondents said they know someone who delayed retirement because they have not saved enough, and 58% of men and nearly half of women reported that their employer-sponsored retirement plans were not adequate, but they do not feel knowledgeable enough to find a better plan.

“Before beginning the search for a financial planner, determine what you want to accomplish by working with an advisor, and then utilize resources such as NAPFA’s Find an Advisor tool to search for an advisor with a technical focus area of retirement planning,” Brown said.

“While employee-sponsored financial plans are a great benefit for employees, financial wellness benefits that focus on financial literacy and personalized, vetted advice from a personal financial advisor can help employees navigate their financial future,” NAPFA said.

NAPFA said advisors should be ready to help clients establish good financial habits, including limiting spending and increasing savings. Advisors also can assist employers with understanding the financial needs and challenges of its workforce.

The survey was conducted online in Septembert by Atomik Research among 2,005 U.S. working adults under the age of 65.