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Financial Concerns Still a Source of Stress This Year

Posted Dec 01 2009 12:00am

If you are feeling financially stressed, you are not alone. The American Psychological Association’s (APA) newest Stress in America survey reports that Americans continue to state that financial concerns are a leading sources of stress in 2009. Approximately seven in ten Americans report that money is a significant source of stress (71 percent), according to APA’s 2009 Stress in America survey, with similarly high percentages reporting stress resulting from work (69 percent) and the economy (63 percent). More than half of adults (55 percent) also cited family responsibilities as a significant source of stress in their lives. According to the survey, three quarters of adults in this country already report moderate to high levels of stress. As the holiday season approaches, it will rise. APA’s Stress in America survey found that children are nearly two times more likely to worry about financial concerns than their parents realize. Specifically, 30 percent of youth say they worry about their family having enough money, while only 18 percent of parents feel their financial concerns trickle down to their children.

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