Money issues main driver of stress in U.S.
A survey by the American Psychological Association (APA) has found that despite improvements in the economy, worries about money remain the greatest cause of stress for Americans--something the organization says has been true since 2007.
The study of 3,068 adults determined that in the past month alone, 22 percent said they experienced “extreme stress” from money issues, and 72 percent expressed “stressing over money at some point.” Money was described as a “somewhat” or “very significant” concern causing stress for 64 percent of Americans overall.
The highest stress levels were found for parents (77 percent), and also younger adults--“Gen Xers (76 percent),” and Millennials (75 percent). But the researchers noted a growing gap beween higher-income and lower-income families when it came to stress over money. In 2007, high-income and low income families reported similar levels of stress, but now, high income households are reporting stress levels of 4.7 out of 10, compared to stress levels of 5.2 out of 10 for low-income households.
The researchers also noticed a concerning trend that more Americans seem to be putting health care on hold because of financial worries. Money stress was also shown to be one of the number one causes for conflict within relationships.