New Yorkers Stressed Out About Money

Money and the economy are stressing New Yorkers, with each equally likely to be mentioned as a leading cause of stress in New York City.

New Yorkers are also more likely than Americans overall to cite the economy, personal health concerns, and housing costs as significant sources of stress.

Seventy-five percent of New York City residents cite the economy as a stressor, compared to 65 percent nationally, according to a survey released today by the American Psychological Association. New Yorkers are reporting lower stress levels than in 2008 and 2009, although their stress level is still higher than what they consider to be healthy.

In terms of job satisfaction, New Yorkers report feeling less satisfied with their job than workers nationwide (54 percent vs. 64 percent nationally). Forty-one percent of New York workers report feeling tense or stressed out on the job, with one-third (35 percent) intending to seek employment elsewhere in the next year.

One way to increase job satisfaction and lower stress levels is via telecommuting. Virtual offices are indeed becoming a viable way to help employees reduce the stress that comes along with fighting traffic, office politicking, and working late to meet big deadlines.

With virtual office technologies, employees can tap into follow me numbers that allow clients to reach them wherever they are, web conferencing technologies like Cisco’s WebEx that allow them to hold important client meetings even from a home office, and more.

Virtual offices are becoming part and parcel of alternative workplace strategies because they reduce the cost of commercial real estate. But reducing employee stress is just as important to the long-term health of a company because high stress leads to sickness—and  higher turnover.

You can find plenty of Davinci virtual office locations in Manhattan. Davinci offers virtual office space across New York City that is affordable, maintains a strong corporate image—and helps employees reduce stress levels so productivity remains high.


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