What is Your Biggest Financial Worry?

There’s no doubt a lot of Americans spend countless hours worrying about money, but you may be surprised to find out what they are worrying about the most. 

A GoBankingRates.com poll from just two years ago found that 25% of Americans say their think about money daily, and back then the biggest worry was living paycheck to paycheck. But it’s pretty apparent that those fears have changed over time.  In fact, a new poll finds that 22% of Americans say their biggest financial fear is “never being able to retire,” the most of any other worry. Other fears include:

  • 20% are most afraid of always living paycheck to paycheck
  • 18% are most afraid of living in debt forever
  • 16% are most afraid of losing their jobs
  • 11% are most afraid of losing all their money in the stock market
  • 8% are most afraid of never being able to afford a home
  • 4% are most afraid of always having a low credit score

Not surprising, those fears are different depending on gender and age. Overall, never being able to retire is the biggest fear of men, yet women are more worried about always living paycheck to paycheck. As for age, older Millennials (25 to 34), older Gen Xers (45 to 54) and baby boomers (55 to 64), are more worried about retirement, while younger Millennials (18 to 34) and younger Gen Xers (35 to 44) are more worried about living paycheck to paycheck.

Source: GoBankingRates.com

Paul James

Paul James

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