Ailing Workers ‘Gut It Out,’ Opt Against Disability
Ailing U.S. workers, hounded by debt and the 9.9 percent unemployment rate, are forgoing compensated leave with greater frequency and sticking to the daily grind, said the head of the biggest U.S. long-term disability insurer.
“If you don’t feel good about your own personal financial position, you’re going to kind of gut it out, if you will, at the office as opposed to filing the claim,” Unum Group Chief Executive Officer Thomas Watjen said today in an interview at Bloomberg headquarters in New York. “You’re going to be fearful that when you come back maybe your job isn’t there.”
People seeking to re-enter the workforce are facing an unemployment rate that remained near a 25-year high even as the economy returned to growth. For those contemplating leave, debts and home-price depreciation have left fewer financing options to boost funds beyond what disability stipends typically pay.
Ailing Workers ‘Gut It Out,’ http://www.businessweek.com/news/2010-05-25/ailing-workers-gut-it-out-opt-against-disability-update1-.html
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Ailing Workers ‘Gut It Out,’ Opt Against Disability
Ailing Workers ‘Gut It Out,’ Opt Against Disability
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