In 2015, the American Psychological Association released a study revealing that one of the greatest stress causing factors for Americans is money. In fact, according to their study, 72 percent of adults report feeling stressed about finances. And this can bleed into other areas.
“Regardless of the economic climate, money and finances have remained the top stressor since our survey began in 2007,” said Norman B. Anderson, Ph.D., who was CEO at the time. “…Stress related to financial issues could have a significant impact on Americans’ health and well-being.”
In an effort to help Americans take control of their finances and reduce stress, Zebit, a free financial wellness site, partnered with Barbara Corcoran, an investor and “Shark” on the hit ABC series Shark Tank, to celebrate March as Financial Stress Awareness Month.
“When I started my business, and my salespeople or salaried personnel were stressed and unhappy, and I asked them what was wrong, they were usually afraid they weren’t going to make more sales or weren’t getting promoted. It was all job related,” says Corcoran. “What I find today is when people aren’t performing, it usually has nothing to do with the job. It has to do with personal challenges they have at home. Now, people are bringing their problems to the workplace. It’s a problem because people are not focused on their work. But the good news, recently, is that employers are aware of it.”