• RSS
  • Register
    Login
SWNSdigital
  • Home
  • SWNS Digital
  • Stories
    • Health & Nutrition
    • Science & Technology
    • Lifestyle
    • Family, Parenting, and Children
    • Work & Careers
    • Money
    • Food & Drink
    • Entertainment & TV
  • Register
No Result
View All Result
  • Home
  • SWNS Digital
  • Stories
    • Health & Nutrition
    • Science & Technology
    • Lifestyle
    • Family, Parenting, and Children
    • Work & Careers
    • Money
    • Food & Drink
    • Entertainment & TV
  • Register
No Result
View All Result
SWNSdigital
No Result
View All Result

Average American loses this many hours of sleep worrying about debt

January 21, 2022
in Health, Lifestyle, Research, Wellbeing
Home Health
Share on FacebookShare on TwitterShare on Reddit

By Vanessa Mangru // SWNS

NEWS COPY w/ VIDEO + INFOGAPHIC

The average American loses over 200 hours of sleep per year over their dues and has three “debt nightmares” a week, according to new research.

A survey of 2,000 adults looked at how debt affects their daily lives and found that people reported an increase in anxiety (38%), stress (33%) and moodiness (32%) because of their debt problems.

More than two-thirds of respondents who have been in debt said that it has made them withdraw from the things they love (69%).

Commissioned by National Debt Relief and conducted by OnePoll, the survey revealed that most people would feel guilty spending money on leisure items knowing they’re in debt (77%).

Still, three in five respondents also admitted feeling pressured to spend money they can’t afford so they could hide their financial situation.

Three in four respondents would sacrifice doing and buying things they want (76%) since 71% would constantly think about the debt they’re in.

If in debt, people would also sacrifice going on vacation (49%), date nights (38%) or attending a wedding (36%) because of their debt woes. A third of respondents would even say “no” to a night out with their friends.

When it comes to the most worrisome bills, many agree that credit card debt is the worst to be in (45%), followed by medical loans (34%) and owing money to a mortgage (32%).
Above all, most agree that getting out of debt feels like they’re retaking control of their lives (87%).

People worry about debt so much that nearly three in five have even considered putting off marriage to avoid inheriting their partner’s debt, and 54% believe having a partner who's in debt is a major reason to consider divorce.

Meanwhile, 70% of respondents fear they can no longer afford their lifestyle due to inflation, and 77% reported debt would impact their retirement plans.

Looking at the future, three in four want to pay off all debt so their children would not have to suffer. Half of respondents are also afraid of eventually inheriting their parents’ debt.

Nearly three-quarters of those polled wish there were tools and resources available to help them when they were at their worst in debt (73%).
“For those struggling with what feels like insurmountable debt, you don’t need to face it alone,” said Natalia Brown, National Debt Relief’s chief client operations officer. “Don’t hide your financial situation, have honest conversations with your family as a means of emotional support and consider debt relief options to help you tackle your debt.”

Most of those who said they were in debt agree that their experience has permanently affected their perspective on finances (78%).

Seven in 10 feel like a “black cloud” hangs over them when they have to pay a bill or loan and the same percentage of people feel debt has permanently affected them mentally (71%).

“Unfortunately, the findings from this survey do not surprise me,” said Brown. “I see the emotional and physical impact debt has on people first hand every day. It’s important for people not only to get out of debt but also learn how to live financially confident while instilling healthy practices to remain financially free.”

 

WORST KINDS OF DEBT

  1. Credit card bills (45%)
  2. Medical loans (34%)
  3. Mortgages (32%)
  4. Student loans (31%)
  5. Personal loans (29%)

Previous Post

Majority of Americans plan to have fun with their finances over this next decade

Next Post

People who recently quit their job say it was the 'best decision' they made in a long time

Next Post
People who recently quit their job say it was the 'best decision' they made in a long time

People who recently quit their job say it was the 'best decision' they made in a long time

Popular stories

  • Research reveals the 'unexpected' formula for the perfect vacation

    Research reveals the 'unexpected' formula for the perfect vacation

    0 shares
    Share 0 Tweet 0
  • Lois Griffin named America’s favorite mom: poll

    0 shares
    Share 0 Tweet 0
  • Research reveals what your favorite wine says about your personality

    0 shares
    Share 0 Tweet 0
  • These are the scents Americans associate with their childhood homes

    0 shares
    Share 0 Tweet 0
  • These are the most popular jobs kids dream of doing when they grow up

    0 shares
    Share 0 Tweet 0
digitalhub US

SWNS Media Group is a leading daily news provider to national newspapers, national/international digital news sites, blogs, social communities and commercial news channels. To gain unlimited access to the SWNS digital hub and receive auto-update emails every time new content is added, all you need to do is register to be a user.

Follow Us

Browse by category

  • Health & Nutrition
  • Science & Technology
  • Lifestyle
  • Family, Parenting, and Children
  • Work & Careers
  • Business & Money
  • Food & Drink
  • Entertainment & TV

Content

  • Images
  • Infographics
  • Videos
  • Home
  • The digitalhub
  • Archive
  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 SWNSdigital

No Result
View All Result
  • Home
  • The digitalhub
  • All releases
  • Contact

© 2021 SWNSdigital

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
AWSELBsessionAssociated with Amazon Web Services and created by Elastic Load Balancing, AWSELB cookie is used to manage sticky sessions across production servers.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie records the user consent for the cookies in the "Advertisement" category.
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
CookieLawInfoConsent1 yearCookieYes sets this cookie to record the default button state of the corresponding category and the status of CCPA. It works only in coordination with the primary cookie.
JSESSIONIDsessionNew Relic uses this cookie to store a session identifier so that New Relic can monitor session counts for an application.
lvapp_session6 hoursLinkedin sets this cookie to allow the forms to function within the website.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
XSRF-TOKEN6 hoursWix set this cookie for security purposes.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
swpm_sessionsessionThis cookie is set by the Simple WordPress Membership Plugin. This cookie is used for membership login session and to provide access to the protected content on the website.This cookie keeps the login records so user don't want to authorise each time while moving to next page.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
CONSENT2 yearsYouTube sets this cookie via embedded YouTube videos and registers anonymous statistical data.
_ga1 year 1 month 4 daysGoogle Analytics sets this cookie to calculate visitor, session and campaign data and track site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognise unique visitors.
_gat_gtag_UA_*1 minuteGoogle Analytics sets this cookie to store a unique user ID.
_ga_*1 year 1 month 4 daysGoogle Analytics sets this cookie to store and count page views.
_gid1 dayGoogle Analytics sets this cookie to store information on how visitors use a website while also creating an analytics report of the website's performance. Some of the collected data includes the number of visitors, their source, and the pages they visit anonymously.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
idsessionSet by Google DoubleClick, this cookie is used to create user profiles to display relevant ads.
muc_ads1 year 1 month 4 daysTwitter sets this cookie to collect user behaviour and interaction data to optimize the website.
personalization_id1 year 1 month 4 daysTwitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting.
test_cookie15 minutesdoubleclick.net sets this cookie to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysYouTube sets this cookie to measure bandwidth, determining whether the user gets the new or old player interface.
YSCsessionYoutube sets this cookie to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt-remote-device-idneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt.innertube::nextIdneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
aff1 monthNo description available.
jnews_view_counter_visits[0]less than a minuteDescription is currently not available.
sitesessionDescription is currently not available.
Save & Accept
Powered by CookieYes Logo