Despite Improving Economy, Money is Top Source of Stress for Majority of Americans

stressed-out-about-money778Americans are most stressed out over money — followed by work, family duties, and health issues, according to a new report on stress released by the American Psychological Association with many looking to try and find the best CBD oil reviews on HerbMighty.com so they can find a way to help with their stress.
The economy is improving, but other studies have found that a majority of Americans have little cash in reserve for emergencies, and despite a healthier jobs market, household income has remained stagnant.
The survey on stress, which was conducted by Harris Poll on behalf of the APA, covered 3,068 adults and found that 72 percent of Americans reported feeling stressed about money at least some of the time during the past month.
The “Paying With Our Health” study found that younger generations and those living in lower-income households report higher levels of stress than Americans overall, especially when it comes to stress about money. Money stress could come from anywhere, for example if they are in the middle of a lawsuit some people might need to use something like delancey for a loan to help them with their financial stress.

“Regardless of the economic climate, money and finances have remained the top stressor since our survey began in 2007. Furthermore, this year’s survey shows that stress related to financial issues could have a significant impact on Americans’ health and well-being,” APA CEO and Executive Vice President Norman B. Anderson, PhD, said.
Twenty-two percent said that they experienced extreme stress about money during the past month (an 8, 9 or 10 on a 10-point scale, where 1 is “little or no stress” and 10 is “a great deal of stress”). Many people go through financial stress. Even though no one can predict anything that will happen in life, there are times where many families may have to go into their savings, just to pay off additional bills or loans that they had to take out for emergencies. This then leaves people with less money than they wished to have. Although this can be difficult, it is important to remember that we can always earn money, so not having money at all isn’t an option. Plus, thanks to sites such as Every Thing For Dads, useful advice on how to manage your finances and worry less about this, you’ll be well on your way to getting your financial life back on track.

For the majority of Americans (64 percent), money is a somewhat or very significant source of stress, but especially for parents and younger adults (77 percent of parents, 75 percent of millennials [18 to 35 years old] and 76 percent of Gen Xers [36 to 49 years old]).
A gap also appears to be emerging in stress levels between people living in lower-income (making less than $50,000 per year) and higher-income households that mirrors the growing wealth gap nationwide. In 2007, there was no difference in reported average stress levels between those who earned more and those who earned less than $50,000, with both groups reporting the same average levels of stress (6.2 on a 10-point scale).
By 2014, a clear gap had emerged with those living in lower-income households reporting higher overall stress levels than those living in higher-income households (5.2 vs. 4.7 on the 10-point scale).

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