Uncertain economic conditions have put increased stress on individuals, negatively impacting their mental health. In a recent study, Bankrate found that 52% of U.S. adults — 10% more than last year — claimed that money had a negative impact on their mental health, either in the form of worrisome thoughts, anxiety, depression, loss of sleep, etc.
For the study, Bankrate surveyed 2,365 U.S. adults from April 12 to April 14, 2023, with 1,232 respondents saying money had a negative impact on their mental health. Further, 98% of individuals reported that in the last year, they gained at least one more money worry, citing inflation (57%), rising interest rates (22%), and job security/stability (21%) as factors hurting their overall mental health.
