Taking steps to sort out your finances, including increasing your financial knowledge, can help alleviate money stress in times of uncertainty.
Financial stress is nothing new for many Americans, and the coronavirus pandemic has exacerbated anxiety for a lot of people. As many as 84% said in September that the Covid-19 crisis is causing stress in their personal finances, according to a survey released Thursday from the National Endowment for Financial Education.
That stress has only slightly improved over the course of the pandemic – in an April survey, 88% of Americans cited the crisis as causing stress in their personal finances.
“Even in the best of circumstances, few home budgets can withstand significant financial strain that goes on this long,” said Billy Hensley, PhD, president and CEO of NEFE, in a statement.
To help combat financial stress, experts recommend boosting financial