Some 41% of Americans say money matters have 'destroyed' their mental health and nearly two-thirds are suffering 'financial fatigue.'
Financial insecurity is deteriorating Americans' mental health, according to a recent study by MarketWatch Guides shared exclusively with Newsweek.Despite the fact that inflation has eased considerably compared to its June 2022 peak, nearly half of respondents to a survey conducted by the financial news and market data company said that 2024 has been the most stressful year of their lives money-wise.
A significant percentage of respondents to the survey admitted to bad financial habits triggered by the stress they're experiencing. Some 58 percent said they do not use a detailed financial budget; 57 percent procrastinate on important financial decisions; 44 percent overspend to deal with stress; another 44 percent make purchases they cannot afford; and 41 percent avoid opening bills or reviewing card statements.
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