Money Stress: Women And Gen Z Emerge As Most Anxious, Reveals New Study

A recent study has found that women and members of Generation Z are the most anxious about money. The study, which was conducted by the American Psychological Association, surveyed over 3,000 adults and found that 72% of women and 68% of Gen Z respondents reported feeling anxious about their finances.

Why Are Women and Gen Z More Anxious About Money?

There are a number of factors that may contribute to women and Gen Z being more anxious about money than other groups. One factor is that women are still more likely to be responsible for childcare and household management than men, which can lead to financial stress. Additionally, women are often paid less than men for the same work, which can further contribute to financial anxiety.

Gen Z, on the other hand, is facing a number of unique financial challenges. One challenge is that many Gen Z members are just starting out in their careers and have not yet had the opportunity to build up a significant amount of savings. Additionally, Gen Z is more likely to have student loan debt than previous generations, which can also be a source of financial stress.

The Impact of Money Stress

Money stress can have a significant impact on a person's mental and physical health. Some of the common symptoms of money stress include:

• Anxiety
• Depression
• Insomnia
• Muscle tension
• Headaches
• Stomach problems

In addition to these physical and mental health problems, money stress can also lead to relationship problems, job loss, and even homelessness.

Coping with Money Stress

There are a number of things that you can do to cope with money stress, including:

• Create a budget and track your spending.
• Increase your income.
• Reduce your expenses.
• Seek professional help. Talk to a therapist or financial counselor if you are struggling to manage your money stress.

It is important to remember that you are not alone if you are struggling with money stress. There are many resources available to help you get back on track financially and improve your mental health.

Conclusion

Money stress is a serious issue that can have a significant impact on a person's life. Women and Gen Z are particularly vulnerable to money stress, due to a number of factors. If you are struggling with money stress, there is help available. Talk to a therapist or financial counselor to develop a plan to manage your money and improve your mental health.