Average american finances 2015 professional#
Average american finances 2015 tv#

Listening to music, exercising or watching TV were reported by at least two out of five respondents as ways they reduce stress. Some people take other steps to reduce their stress. 'If you're there for others, they'll be more likely to be there for you,' he said. 'Starting conversations about money is challenging, because nearly one in five Americans believe it is a taboo subject, and more than one-third report that talking with family members about finances makes them uncomfortable,' Nordal said.Īnderson recommended starting to have conversations with trusted people about money, helping young people develop healthy financial behaviors early in life, and building a supportive social network that will help all its members weather the tough times. However, opening up about budget worries can be tough. It found that people without a shoulder to lean on tend to suffer worse from stress.įor example, 43 percent of people without emotional support said their stress has increased in the past year, compared with 26 percent of those with support. To combat money stress, the association recommends seeking emotional support from family and friends. Almost one-third of adults with partners report that money is a major source of conflict between them. One in five adults said they have skipped or considered skipping going to the doctor for treatment because of financial concerns. 'We're still really out of balance in terms of economic improvement trickling down to really help the majority of the population.'įinancial stress can affect people in direct and intimate ways, the survey found. 'Many people still feel very squeezed, just in terms of taking care of their daily needs,' Nordal said.

Average american finances 2015 professional#

Katherine Nordal, the association's executive director for professional practice, noted that inflation and wage stagnation continue to exacerbate people's money worries, despite recent economic gains. In 2007, there was no difference in reported average stress levels between those who earned more and those who earned less than $50,000.īut by 2014, a gap had emerged, with those living in lower-income households reporting higher overall stress levels than those living in higher-income households - 5.2 versus 4.7 on the 10-point scale. Women are more likely than men to report money as a significant source of stress, 68 percent versus 61 percent.Ī gap also appears to be emerging in stress levels between people living in lower-income and higher-income households, the report found.