Stress Costs Billions

by Shirley Archer, JD, MA on May 01, 2007

Americans are stressed out, and it’s costing billions. Consumers are spending more money than ever to combat the effects of stress, and companies are struggling with how to manage the business-related costs. Next year, according to Market Data, Americans will pay out an estimated $14 billion on products and services to reduce stress—up $3 billion from the amount consumers spent last year.

U.S. businesses outlay approximately $300 billion per year as a result of absenteeism, employee turnover and health expenses linked to stress, according to the American Institute of Stress. And medical claims filed by “highly stressed” employees cost nearly 50% more than claims filed by less stressed employees, according to the Health Enhancement Research Organization.

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About the Author

Shirley Archer, JD, MA

Shirley Archer, JD, MA IDEA Author/Presenter

Shirley Archer, JD, MA, was the 2008 IDEA Fitness Instructor of the Year and is IDEA's mind-body-spirit spokesperson. She is a certified yoga and Pilates teacher and an award-winning author based in Los Angeles, California, and Zurich, Switzerland. Two of her books, The Walking Deck and The Strength and Toning Deck, are now featured as iPhone apps. Contact her at www.shirleyarcher.com.