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MAY 18 2022 – Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey.
“Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what’s driving their stress,” said Vaile Wright, senior director of health care innovation at the American Psychological Association.
More than 40% of U.S. adults say money is negatively impacting their mental health, according Bankrate’s April 2022 Money and Mental Health report. Some Americans lack hope they will ever have enough money to retire, with roughly 40% saying their ability to be financially secure in retirement is “going to take a miracle,” according to the 2021 Natixis Global Retirement Index.
“I think that people need to have a sense of hope,” said Mark Hamrick, Washington bureau chief at Bankrate.
