Regardless of your income or net worth, anxiety is a common response to handling finances. Whether it be daily problems or long-term concerns, many people have a complicated relationship with money.
A 2020 survey revealed that 90% of individuals say that money has an impact on their stress levels. And, in a time of great economic hardship during the COVID-19 pandemic, money anxiety can heighten even further. If we look back to a study conducted by the APA to understand the impact of stress during the 2008 recession, 80% of respondents said that the economy was a significant cause of stress.
We reached out to clinical psychologists and financial experts to learn unique, actionable advice for Americans to cope with money anxiety during the recession. Find out what they had to say.
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