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Financial concerns a top source of stress, though debt consolidation may offer help
11/30/2009
When it comes to feeling stressed out, a recent survey indicates that money is the top focus of frustration.
In its newest Stress in America survey the American Psychological Association noted that 71 percent of respondents indicated that money is a "significant" source of stress in their lives. Furthermore, 69 percent said that concerns related to work were a major source of stress, while 63 percent said the economy was a source for their worry.
Given the fact that the holiday shopping season has started, consumers may be feeling even more stressed out because of the hustle and bustle associated with shopping and preparing for family gatherings.
"The holiday season can bring with it additional emotional and financial stressors that can negatively impact both physical and mental health," Dr. Katherine Nordal, a psychologist and executive director with the APA, said.
However, there are things people can do to try and alleviate holiday stress. For example, the APA suggest people take some time for themselves during this season, which could include going for a walk or listening to their favorite music.
Another way that consumers may be able to reduce financially-related stress is by trying to reduce their debt. One way they can achieve this is through debt consolidation, which can make it easier for consumers to manage their money.
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