Money is a Leading Cause of Stress Worldwide

Stressing about financial concerns unites us all in a common bond.

When it comes to finding common threads that connects us all worldwide, we all tend to form a consensus on stress and life concerns that cause stress. While stress isn’t exactly a great uniting principle to find common ground in, it turns out to be something we all share no matter where we live.

That’s according to a new survey from Gfk that finds Americans experience similar pressure to citizens of other countries and often this pressure comes from common sources. Financial stress and worries about money top the list of what causes people the most stress…

  • 29% of survey respondents worldwide say the amount of money they have to live on is their leading cause of stress
  • For 27% it’s the pressure they put on themselves
  • 23% aren’t getting enough sleep
  • 19% say they have too much work to get done each day

“Often financial stress is compounded by feelings of being trapped or stuck in a situation with no way to get out or move forward,” says Gary Herman, President of Consolidated Credit. “Developing plans of action that allow you to make progress towards a better financial outlook can go a long way to reducing stress, even before you achieve the goal.”

Herman speaks from experience. Each day Consolidated Credit’s certified credit counselors talk to people who are faced with what they often feel is an insurmountable amount of debt. Simply by going through a free evaluation and determining if they qualify for enrollment in a debt management program, these callers often feel immediate relief from the stress they were burdened with.

One alumni who can relate to the stress caused by debt and a bad financial situation is Tanya. She related just how much enrolling in a debt management program reduced her stress by saying this…

“I will be totally honest with you – my hair stopped coming out,” Tanya remembers. “That’s how stressed I was. You guys took a big burden off my shoulders. I no longer have creditors constantly calling me or anything like that. I sacrificed to make the payments, but by the end of the year I will be debt free and stress free.”

If debt is causing your stress levels to rise, you don’t have to keep living with that burden and feeling like you have no way out. Even with limited income you can find resources and solutions that allow you to regain control and reduce your stress as a result. Call Consolidated Credit today at 1-888-294-3130 or complete an online application to request a free, confidential debt and budget evaluation from a certified credit counselor.

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April Lewis-Parks
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