Money in (E)Motion Experienced in Stressful Financial Transitions

Abstract

The American Psychological Association (2008) reports a study that indicates one-third of Americans are living under extreme stress and nearly half of them (48%) believe that their stress has increased over the last five years. Stress is taking a toll on people – contributing to health problems, poor relationships, and lost productivity at work, according to a new national survey released by the American Psychological Association (APA). In September 2007, the American Psychological Association commissioned its annual nationwide survey to examine the state of stress across the country. The research measured attitudes and perceptions of stress among the general public, identifying the leading sources of stress, common behaviors used to manage stress, and the impact of stress on our lives. The survey explored appropriate and excessive stress levels; circumstances, situations, and life events that cause stress; activities, resources, and behaviors people use to deal with stress; and the personal costs of stress. This survey was conducted online within the United States by Harris Interactive between August 30 and September 11, 2007, among 1,848 adults (aged 18 and over). Interviews were conducted in both English and Spanish.

Based on the results obtained, family finances, money, and work continue to be the leading causes of stress for three quarters of Americans, a dramatic increase over the 59% reporting the same sources of stress in 2006. The survey also found that the housing crisis is having an effect on many, with half of the Americans (51%) citing rent or mortgage costs as sources of stress this decade.