The #1 Reason We ’re Still So Stressed Out

Americans are drowning in financial troubles. Credit card debt hit a record high this year at more than $1 trillion, according to the Federal Reserve. Student loan debt has jumped 150 percent over the span of just a decade. And not only are we drowning in debt, we’re also not saving, which further compounds the problem. About 1 in 4 Americans don’t even have a single dollar saved for an emergency. All of this takes a big toll on us, emotionally and physically. A survey by the American Institute of CPAs found that more than half of Americans with debt say that it’s negatively impacted their lives. What’s more, money is the No. 1 cause of stress for Americans, according to data from the American Psychological Association. “Regardless of the economic climate, money and finances have remained the top stressor since our survey began in 2007,” the results revealed. And now a new survey reveals that Americans who report poor financial health also tend to have poor physical health. Indeed, they are significantly less likely to practice healthy physical habits (59% do not get routine check-ups and 60% do not get regular exercise) and are more likely to skip preventative health measures due to cost (38%). “Bad wealth begets bad health,” the survey concluded. What’s more, these money issues are causing more than just some feelings of dread, malaise, and skipped doctor’s office visits. Below are just some of the many ways financial stress can...
Source: World of Psychology - Category: Psychiatry & Psychology Authors: Tags: Money and Financial New Year's Careless spending debt financial planning Source Type: blogs