Do your money troubles make you sick? Financial anxiety has made about a quarter of millennials feel physically ill, according to a new study by Northwestern Mutual. It's also made more than half feel depressed.
For many millennials, who came of age and entered the job market during the economic recession, the bad feelings are pervasive. Some 69 percent said they experienced anxiety because of their income, 67 percent said it was because of their level of savings, and 53 percent said it was because of worry about losing their job.
About a third of the millennials surveyed said they were prone to excessive or frivolous spending, more than the 26 percent of those in Generation X and 19 percent of baby boomers who said this. Millennials spent $233 a month on meals, compared with $182 in older generations, and $161 per month on cellphone charges, versus $135 for people in older generations.
No comments:
Post a Comment