Stress Caused by Money Problems

Stress

Stress is still a major problem in America, and is mainly caused by money problems. The news comes despite the economy reportedly on the rise. A survey showed that money is not plentiful for the majority of families in the country.

Over a quarter of all Americans are reportedly stressed about money most of the time. Some feel the financial stress all the time, with the majority stating that it has either remained the same or gotten worse over the last year. People are still struggling after the economic problems in 2008, and still do not see the light at the end of the tunnel.

The country’s finances are reportedly on the rise. With that in mind, the American Psychological Association decided it was time for an annual survey on stress, which showed that 36 percent of those on the lowest economy rungs always or mostly feel stressed over money issues. For those with $50,000 or more in income, 18 percent feel stressed over the subject.

According to results from a survey in 2007, there was no “inequality gap.” Despite the levels being at a higher rate than in 2014, the level was equal between those on the lowest and highest economy rungs. Over the last few years, the levels have started to differ. The 2014 survey shows that the average level reported by those from lower-income households is at 5.2, with a rate of 10 being the highest. Those with higher incomes report an average of 4.7.

The stress caused by money problems is likely the reason for the health differences between poorer and richer citizens. Those who were from lower-income houses reported that they could not live a more healthier lifestyle, whereas those from the richer families could. Those from lower-income homes—especially those who felt the most stress—were more like to skip or consider skipping a visit to the doctor’s office due to the cost.

The method of dealing with stressful situations were also different between the two different income levels. Those from poorer backgrounds were more likely to check the internet, watch TV, eat or drink. Their feelings had left them being isolated and feeling more lonely.

Those with children also felt higher levels than those without children. The survey found parents have an average of 5.8 on the scale, with 4.4 for those without children. Paying for the essentials was the main source of the problem for 58 percent of those surveyed.

The survey also showed that women felt more stressed than men, with 49 percent finding paying for essentials the hardest part and only 38 percent of men. Women who find money a burden are more likely to eat and drink compared to those who do not feel the burden.

There is some good news from the survey. It shows that the average levels are declining, despite the reasons. In 2007, the average was at 6.2 but is at 4.9 now. However, it also shows that people are more likely to handle the situations in more unhealthy ways, which is something to try to focus on changing. There are many reasons for stress, but most Americans find that money is the problem.

By Alexandria Ingham

Sources:

L.A. Times

Duluth News Tribune

Chicago Tribune

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