Still hurting and recovering from the pandemic, people now have to deal with layoffs, record-high inflation, rising food and housing costs and a plummeting stock market. The financial challenges have taken a toll on people’s mental health and well-being.
Worries About Your Own Financial Situation
The survey indicated that high-income people in the United States have “slightly less” stress compared to middle and low-income Americans. The Millennial and Gen-Z cohorts replied that they are more likely to spend money on things that make them happy compared to Gen-Xers. Robinhood’s clientele skews toward a younger demographic, but also includes data from Gen-X. Its survey shows that over 40% of Gen-Z and Millennials experience stress when planning for the future.
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