A new survey from the AICPA shows that financial stress stemming from the pandemic has left many Americans frustrated, sad and sleepless at times over the past year.
Certain groups have experienced financial worries at higher rates than others, according to the survey, which polled more than 2,000 adults online in January 2021. Over the past year, 75% of 18- to 34-year-olds and 71% of 35- to 44-year-olds reported feeling at least some financial anxiety, compared with 65% of 45- to 54-year-olds, 46% of 55- to 64-year-olds, and 27% of those over 65.
According to survey data, 91% of Americans ages 18–34 who said they have felt financial anxiety during the pandemic said that it had a negative impact on their mental well-being, with 59% stating the impact was moderate to major. Learn more.