What Is Causing Your Financial Stress?

posted by Paul James - 

Unless you’re someone like Warren Buffett or Bill Gates, you’re bound to have some financial stress in your life. Not surprisingly, for most people it's debt that's causing them the most concern.

GoBankingRates surveyed over 7,000 folks in the U.S. and found that debt is the cause of financial stress for 23.47% of people, by far the biggest worry for Americans, and the second consecutive year it came out on top. Other causes of financial stress include 

  • Everyday Costs – 19.38%
  • Healthcare – 17.91%
  • Taxes – 12.65%
  • Housing – 11.11%
  • Education – 9.18%
  • Family – 6.39% 

The site also looked at the biggest financial stressors per state, and debt was once again in the majority with folks in 35 states picking debt as their main financial worry. And those in California must be stressing out the most because, according to the Federal Reserve Bank of New York, they have biggest debt balance of any state.

Source: GoBankingRates.com

Paul James

Paul James

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