Understanding and Preventing Financial Stress
Benovate’s Expert Blogger
Financial stress is no small thing. Nearly 72% of Americans are stressed over money sometimes and 22% are extremely stressed. The effects of stress are well-documented, from depression to heart issues, and as the cost of living and education rise, more and more Americans are subject to financial stress.
Adding to the complexity of the issues are the differences in how people view and learn about money. It’s not as simple as sticking to a budget or cutting back on luxuries. And more often than not, stress over money leads to coping behaviors that exacerbate the issues (i.e. smoking, drinking, overeating, etc).
The good news is that financial stress is manageable. Learning how to implement various coping strategies can help anyone feel more in control of their finances, thereby reducing stress and planning for a better, more secure future.
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